Which of the following is a reasonable analogy of the interconnectedness and coordination of markets?
A) a large corporation
B) the World Wide Web
C) a college dorm
D) Nothing can approximate the market.

Question

Quizplus · Accepted Answer

The interconnectedness and coordination of markets can be best compared to the World Wide Web, as both are vast networks of interconnected parts that rely on communication and cooperation to function effectively. Just as each website on the Internet relies on links to other sites and search engines to be found by users, each market depends on supply and demand signals from other markets to set prices and allocate resources. Both systems also have the ability to rapidly transmit information and respond to changes in real-time.

Which of the Following Is a Reasonable Analogy of the Interconnectedness