The Efficiency of Competitive Markets Happens Because

question 150

Multiple Choice

The efficiency of competitive markets happens because

• A) of the benevolence of the butcher, the brewer, and the baker.
• B) people make environmentally aware purchasing decisions.
• C) prices adjust to make buying plans and selling plans compatible.
• D) government organizes and monitors production.
• E) the U.S. economy uses a command system to allocate resources within the competitive markets.

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Definitions:

William Masters

A prominent American gynecologist and sexologist who, along with Virginia Johnson, pioneered research into the nature of human sexual response and the diagnosis and treatment of sexual disorders.

Virginia Johnson

A pioneering sexologist who, along with William Masters, conducted influential research in human sexuality, including the human sexual response cycle.

Testosterone

A steroid hormone, predominantly found in males, responsible for the development of male secondary sexual characteristics.

Sexual Stimulation

Any stimulus (including bodily contact) that leads to, enhances, and maintains sexual arousal, and may lead to orgasm.