MCQOPTIONS
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| 1. |
Which of the following statements is true about a market economy ? |
| A. | With a large enough computer, central planners could guide production more efficiently than markets. |
| B. | Market participants act as if guided by an invisible hand to produce outcomes that maximize social welfare |
| C. | The strength of a market system is that it tends to distribute resources evenly across consumers. |
| D. | Taxes help prices communicate costs and benefits to producers and consumers. |
| Answer» C. The strength of a market system is that it tends to distribute resources evenly across consumers. | |