In the Allocation of Resources Between Present and Future

question 152

Multiple Choice

In the allocation of resources between present and future,

• A)the market works imperfectly.
• B)the market works perfectly.
• C)centrally planned economies are more efficient than market economies.
• D)the invisible hand guarantees efficiency in market economies.

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Definitions:

Salesperson

An individual who sells products or services directly to customers, often aiming to meet specific sales targets.

Lighter

A portable device used to create a flame for the purpose of lighting something, such as a cigarette or a candle.

Problem

An obstacle or issue that needs resolution or management, often requiring analysis and decision-making efforts.

Customer Mentioned

When a customer is referenced or talked about, particularly in the context of feedback, reviews, or marketing analysis.