

MCQOPTIONS
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1. |
The market efficiently allocates scarce resource among alternative ends such that ?_x005F_x000D_I- consumers receive goods for which they are willing to pay_x005F_x000D_II- Production resources hire out to maximize income)_x005F_x000D_III- the market determines available labor and capital_x005F_x000D_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. | |