Multiple Choice
Most economists in the U.S.believe that the price mechanism leads to
A) an efficient allocation of resources.
B) an equitable distribution of income.
C) both an efficient allocation of resources and an equitable distribution of income.
D) neither an efficient allocation of resources nor an equitable distribution of income.
Correct Answer:

Verified
Correct Answer:
Verified
Q108: Karl Marx believed that inevitably there would
Q109: A _ good is something whose consumption
Q110: The invisible hand is<br>A)Perfect competition.<br>B)The profit motive.<br>C)Government
Q111: Of the 39 million Americans living in
Q112: Hitler's Germany was an example of a
Q114: Which of the following statements is not
Q115: Communist theory calls for each of the
Q116: The most glaring economic problem in the
Q117: The economist who argued that most prices
Q118: Suppose a business firm dumps its used