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Which of the Following Can Explain Why Many Economists Have

Question 133

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Which of the following can explain why many economists have often compared the functioning of worldwide markets to that of a computer?


A) Worldwide markets can allocate resources randomly just as a computer can generate random data.
B) Without the use of computers, markets cannot solve the information problem of resource use.
C) Without the use of computers, markets cannot solve the allocation problem of resource use.
D) Worldwide markets can solve very large resource-allocation problems by simply using the price signal mechanism.

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