Which of the Following Is NOT a Reason That Markets

question 43

Multiple Choice

Which of the following is NOT a reason that markets usually lead to efficiency?

• A)People are naturally efficient.
• B)Individuals have incentives to offer what people want.
• C)Trade encourages efficiency.
• D)Inefficient firms will lose business.

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Definitions:

Enforced

Implemented or applied by authority, often referring to laws, rules, or policies that are compelled to be followed.

Global Environmental Security

Efforts and policies aimed at protecting the global environment to ensure the health and safety of the planet and its inhabitants.

Food Security

The state in which all people at all times have physical, social, and economic access to sufficient, safe, and nutritious food that meets their dietary needs and food preferences for an active and healthy life.

Economic Security

The condition of having stable income or resources to support a standard of living now and in the foreseeable future.