The Market

question 21

Multiple Choice

The market

• A)On its own may not always provide the optimal mix of goods and services.
• B)Always provides the optimal mix of goods and services.
• C)Always provides a better mix of goods and services without government intervention than it does with government intervention.
• D)May not produce the optimal mix of output,which is known as government failure.

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Definitions:

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A sweetener made from corn starch that has undergone enzymatic processing to convert some of its glucose into fructose, making it sweeter than regular corn syrup.

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Decay in teeth caused by acid-producing bacteria that destroy tooth enamel and the layer beneath it, the dentin.

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The perceived flavors and sensory experience derived from consuming soda or carbonated soft drinks.

Edgar Cayce

An American self-proclaimed clairvoyant known for his psychic readings and contributions to alternative medicine.