When Collective Decision-Making Is Utilized to Resolve Economic Questions Regarding

question 89

Multiple Choice

When collective decision-making is utilized to resolve economic questions regarding the allocation of resources, then:

• A)everyone will receive an equal share of the output produced.
• B)the preferences of individuals are of prime importance.
• C)economic efficiency will be assured.
• D)the role of markets will be replaced by political decision-making.
• E)the disparity in income will increase.