Which of the Following Statements About Markets Is Most Accurate

question 87

Multiple Choice

Which of the following statements about markets is most accurate?

• A)Markets are usually a good way to organize economic activity.
• B)Markets are usually inferior to central planning as a way to organize economic activity.
• C)Markets fail and are therefore not an acceptable way to organize economic activity.
• D)Markets are a good way to organize economic activity in developed nations,but not in less developed nations.

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Definitions:

Newspaper Journalists

Professionals who research, write, and report news stories for newspapers.

Decreased

Decreased means to lessen in size, amount, severity, or intensity.

Last Decade

A term referring to the most recent ten-year period from the current date.

Fourth Branch

An informal term referring to groups outside the three branches of the US government that influence decision-making, such as the media or interest groups.