Multiple Choice
Which of the following statements about the way markets allocate resources is most accurate from society's perspective?
A) The market always allocates resources in the best way.
B) The market may not always allocate resources in a way that is in society's best interest.
C) Resource allocation by markets may not be perfect,but it is always better than government allocation of resources.
D) Markets always fail to allocate resources properly,so we must rely on the government to determine the proper use of our resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q133: The government establishes the rules of the
Q134: A U.S.firm that outsources jobs would be<br>A)Building
Q135: Which of the following contains the two
Q136: In providing a legal framework,the government<br>A)Protects patents
Q137: According to the World View excerpt that
Q139: The GDP is a measure of the
Q140: On average,since 1900 U.S.output has grown by
Q141: Human capital is defined as the<br>A)Amount of
Q142: Which of the following does not contribute
Q143: Per capita GDP will definitely fall if<br>A)The