Most Economists Agree That Markets Are Weak and Ineffective Mechanisms

question 80

True/False

Most economists agree that markets are weak and ineffective mechanisms for allocating scarce resources.

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Definitions:

In-group solidarity

The sense of unity, loyalty, and support among members of a particular group, which distinguishes them from members of other groups.

Contagion

The transmission or spread of an infectious disease or, metaphorically, ideas, emotions, or behaviors from one person to another.

High centrality

A position of great importance or prominence within a network, where a node (e.g., person, organization) has a significant influence over the flow of information or resources.

Subaru hybrid

Vehicles produced by Subaru that combine a gasoline engine with an electric motor to enhance fuel efficiency and reduce emissions.