The Idea That Markets Work Efficiently

question 235

Multiple Choice

The idea that markets work efficiently:

• A) refers to the fact that self-interest can be aligned with social interest.
• B) means that trade-offs can be reduced by channeling greed toward good ends.
• C) suggests that there is never any need for government regulation, taxes, or subsidies.
• D) has been known for many centuries.

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Definitions:

Breast Milk

The milk produced by human breasts following childbirth, providing essential nutrients and antibodies to the newborn.

Medulla

A part of the brain stem that regulates vital and automatic functions such as breathing and the sleep–wake cycle.

Hemispheres

Typically refers to the two halves of the brain, each responsible for different functions, but can also apply to the division of the Earth into the Northern and Southern Hemispheres.

Non-organic Failure

A condition typically referring to a failure to thrive or developmental delay in children not attributed to organic, biological causes.