The Efficiency of Market Organization Is Dependent on Which of the Following

question 358

Multiple Choice

The efficiency of market organization is dependent on which of the following?

• A) well-regulated supply and demand
• B) the availability of low cost resources and high tariffs on foreign imports
• C) competitive markets and well-defined and enforced private property rights
• D) Government establishment of the invisible hand principle and the inelasticity of certain goods.

---

Definitions:

Repetition Statement

A programming construct that allows for the repeated execution of a block of code for a specified number of times or while a condition is true.

While Statement

A control flow statement that allows code to be executed repeatedly based on a given Boolean condition.

Expression

A combination of variables, operations, and values that produces another value.

Transfer Control

A programming action that changes the point of execution, such as jumps, loops, or calls to subroutines.