MCQOPTIONS
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| 1. |
The market efficiently allocates scarce resource among alternative ends such that ? I- consumers receive goods for which they are willing to pay II- Production resources hire out to maximize income) III- the market determines available labor and capital IV- the market distributes income among rich individuals |
| A. | III and IV only |
| B. | II and III only |
| C. | I, II and III only |
| D. | I, II, III and IV |
| Answer» E. | |