Question
QUESTION 4 Which of the following is TRUE about the market economy? a. Resources are scarce; The government must get the upper hand over the
QUESTION 4
- Which of the following is TRUE about the market economy?
| a. | Resources are scarce; The government must get the upper hand over the "invisible hand" to allocate resources. | |
| b. | Resources are scarce; Competition helps achieve efficient allocation of resources. | |
| c. | Resources are scarce; A society must distribute its resources and products equally among all individuals. | |
| d. | Resources are scarce; Only the government can allocate the resources efficiently. |
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
