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:

Magnetism

A property of materials that causes them to attract or repel other materials based on the presence of a magnetic field.

Specific Gravity

The proportion between the density of a material and the density of a reference material, usually water, given a certain temperature.

Specific Gravity

The ratio of the density of a substance to the density of a reference substance, typically water for liquids and solids, or air for gases.

Rock

A naturally occurring solid aggregate of minerals or mineraloid matter.