Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following statements is true? Group of answer choices Markets respond to consumer preferences, whereas government responds only to societal preferences. Markets keep
Which of the following statements is true? Group of answer choices Markets respond to consumer preferences, whereas government responds only to societal preferences. Markets keep costs low because producers desire to please people regardless of cost. Government keeps costs low because it has a moral obligation to voters. It is safe to assume that government will do what is best for society, whereas markets do what is best for business owners. The lack of the profit motive encourages supervisors in government agencies to make decisions concerning employees on the basis of issues other than merit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started