Which of the Following Is an Imperfection of Market Economies

question 164

Multiple Choice

Which of the following is an imperfection of market economies?

• A)They produce inexpensive services but expensive manufactured goods.
• B)They place undue importance on the needs of future generations.
• C)They cannot provide certain goods such as national defense.
• D)They distribute income too unequally.

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Definitions:

Middle Ear

The portion of the ear internal to the eardrum and external to the inner ear, containing three small bones that transmit sound vibrations to the inner ear.

Hammer

A tool typically used for pounding nails into, or extracting nails from, some other object. Generally features a handle and a heavy head.

Anvil

A heavy iron block typically used in metalworking upon which metal can be hammered and shaped.

Stirrup

A small U-shaped bone in the middle ear that transmits sound vibrations from the anvil to the cochlea. Alternatively, it refers to a device attached to the saddle in horse riding, supporting the rider's foot.