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:

Right Hemisphere

The half of the brain that is typically associated with creative thought, spatial ability, and the processing of visual and auditory information.

Verbal Naming

The cognitive process of attaching words or labels to objects, sensations, or concepts, playing a vital role in language development and communication.

Cerebral Cortex

The outer layer of the cerebrum in the brain, playing a key role in memory, attention, perception, cognition, awareness, thought, language, and consciousness.

Spoken Language

Refers to the use of sounds and speech for communication between individuals, which can vary widely across different communities and cultures.