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.

---

Definitions:

Fidelity

The degree of accuracy or faithfulness to an original, such as in a copy or translation, or loyalty in personal relationships.

Values Clarification

A process by which individuals reflect on, clarify, and prioritize their personal values for the purpose of guiding their actions and decisions.

Justice

A concept of moral rightness based on ethics, rationality, law, natural law, religion, equity, and fairness.