Which of the Following Contributes to the Efficiency of Markets

question 11

Multiple Choice

Which of the following contributes to the efficiency of markets?

• A)Governments play an active role in the day-to-day operations of markets.
• B)Markets are able to bring about an equitable distribution of goods and services.
• C)Markets promote equal standards of living.
• D)Markets promote competition and voluntary exchange.

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Definitions:

Close Friend

Someone with whom one shares a deep mutual bond of affection, often characterized by trust, support, and communication.

Paid Caregivers

Individuals who are financially compensated for providing care to others, such as seniors, children, or individuals with disabilities.

Several Grandchildren

A phrase denoting a person has multiple descendents from their children, emphasizing a family with more than one grandchild.

Frail

Being physically weak or delicate, often due to age or illness, leading to increased vulnerability to health issues.