The "Formal Defence" of Free Markets Includes the Argument That

question 111

Multiple Choice

The "formal defence" of free markets includes the argument that competitive markets

• A)lead to allocative efficiency.
• B)provide automatic coordination of the actions of decentralized decision makers.
• C)provide a stimulus to innovation and economic growth because of the pursuit of profits.
• D)permit a decentralization of economic power.
• E)lead to political freedom.

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Definitions:

Short Sentences

Sentence structures that are concise and to the point, facilitating easier comprehension.

Managing Emphasis

The skill of strategically placing importance on certain information or aspects of communication to guide the audience’s attention and response.

Writing Effectively

The capability to express ideas or arguments clearly, concisely, and compellingly through written text.

Key Points

Essential ideas or core messages that are crucial for understanding the overall context or purpose of a communication.