Which of the Following Statements About the Way Markets Allocate

question 8

Multiple Choice

Which of the following statements about the way markets allocate resources is most accurate from society's perspective?

• A) The market always allocates resources in the best way.
• B)
• The market may not always allocate resources in a way that is not in society's best interest.
• C) Resource allocation by markets may not be perfect, but it is always better than government allocation of resources.
• D) Markets always fail to allocate resources properly, so we must rely on the government to determine the

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Definitions:

Asia

A continent that comprises a vast landmass in the Eastern and Northern Hemispheres, known for its diverse cultures, languages, and histories.

U.S.

A country located in North America, known officially as the United States of America, comprising 50 states.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Identify Emotions

The process of recognizing and naming the emotions being experienced by oneself or observed in others.