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:

Abundant

Existent in large quantities; plentiful.

Cation

An ion with a positive charge, formed when an atom loses electrons during a chemical reaction.

Chloride

A chemical element that, when combined with sodium, forms table salt (sodium chloride), and plays vital roles in bodily functions.

Magnesium

A chemical element with the symbol Mg and atomic number 12, essential for human health, involved in over 300 biochemical reactions in the body.