Which of the Following Is Not Correct

question 515

Multiple Choice

Which of the following is not correct?

• A)Markets allocate scarce resources with the forces of supply and demand.
• B)The equilibrium of supply and demand is typically an efficient allocation of resources.
• C)Governments can sometimes improve market outcomes.
• D)Externalities cannot be positive.

---

Definitions:

Minister

An official in charge of a government department or a member of the clergy who leads a congregation or officiates at ceremonies.

Identity Diffusion

A status in identity development where an individual has not yet experienced a crisis or made any commitments to a set of beliefs or values.

James Marcia

A developmental psychologist known for his work on adolescent identity formation.

High School

An educational institution that provides secondary education to adolescents, typically between the ages of 14 and 18.