Multiple Choice
The major advantage of a market economy is that
A) it maximizes the need for resource-flow data
B) prices convey most of the information necessary to coordinate economic activity among firms
C) data are aimed at central planners
D) prices are essentially meaningless
E) All of the answers are correct
Correct Answer:
Verified
Correct Answer:
Verified
Q3: In 2011, in the world's poorest countries
Q4: One likely reason that the country of
Q5: Which of the following creates an obstacle
Q6: Studies by the World Bank have underscored
Q7: Compared to industrial market countries, developing countries
Q9: In a system of impersonal exchange,<br>A)bureaucratic ties
Q10: Differences in stages of development among countries
Q11: Developing countries<br>A)do not benefit from foreign aid<br>B)do
Q12: Labor productivity depends on the<br>A)the effectiveness of
Q13: At the end of the production chain