The Text States: "The Great Economic Problem Is to Arrange

Multiple Choice

The text states: "The great economic problem is to arrange our limited resources to satisfy as many of our wants as possible." How does a market achieve this goal?

A) It chooses central planners who are experts at identifying the best uses of resources.
B) The forces of demand and supply use prices as a signaling device that directs resources to their highest-value uses.
C) It ensures that prices provide an even signal by making sure prices across all markets are equal.
D) It offers resource-based futures contracts.