menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 45
  4. Exam
    Exam 2: The Market System and the Circular Flow
  5. Question
    If People Tried to Produce Most of What They Need
Solved

If People Tried to Produce Most of What They Need

Question 255

Question 255

True/False

If people tried to produce most of what they need on their own, then this would lead to a more efficient use of the economy's resources.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: The invisible hand refers to the many

Q97: What advantage does a money economy have

Q100: Consumer sovereignty and "dollar votes" guide the

Q251: Capitalism gets its name from the fact

Q252: The market system communicates changes in market

Q254: The market system<br>A)produces considerable inefficiency in the

Q256: In a competitive market economy, firms select

Q257: Profits are the primary "success indicator" for

Q259: In the circular flow model of the

Q260: Laissez-faire capitalism is characterized by<br>A)a very limited

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines