Which of the Following Statements About Markets Is Most Accurate

question 87

Multiple Choice

Which of the following statements about markets is most accurate?

• A)Markets are usually a good way to organize economic activity.
• B)Markets are usually inferior to central planning as a way to organize economic activity.
• C)Markets fail and are therefore not an acceptable way to organize economic activity.
• D)Markets are a good way to organize economic activity in developed nations,but not in less developed nations.

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Definitions:

Language Of Liberty

A term often associated with the rhetoric and ideals surrounding freedoms and rights, particularly those outlined in foundational U.S. documents such as the Declaration of Independence and the Constitution.

Free Black Population

African Americans who were not enslaved and lived freely, especially before the Civil War in the United States.