The Major Advantage of a Market Economy Is That

question 8

Multiple Choice

The major advantage of a market economy is that

• A)it maximizes the need for resource-flow data
• B)prices convey most of the information necessary to coordinate economic activity among firms
• C)data are aimed at central planners
• D)prices are essentially meaningless
• E)All of the answers are correct

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Definitions:

Folic Acid

A water-soluble B-vitamin (B9) important for cell growth and metabolism, often taken before and during pregnancy to prevent birth defects.

Antibiotics

Medicines used to prevent and treat bacterial infections by either killing bacteria or inhibiting their growth.

Topical Antibiotic

Medications applied directly to the skin or mucous membranes to treat or prevent bacterial infections.

Polymyxin B

An antibiotic primarily used to treat bacterial infections that are resistant to other antibiotics, often targeting the Gram-negative bacteria's cell membrane.