Solved

Which of the Following Statements Is True

Question 30

Multiple Choice

Which of the following statements is true?


A) The command system is remarkable at providing price signals that guide resources in a way that maximizes social surplus.
B) Market economies minimize waste and provide incentives for all market participants to promote their own interests.
C) The coordination of different economic agents and bringing them together to trade is a central problem of a free market economy.
D) The broader interests of societies are met more often in a command system than in a market system.

Correct Answer:

verifed

Verified

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

Related Questions