The price system is sometimes criticized in that it
A) leads to greater efficiency.
B) results in allowing the rich get a disproportionate say in what goods and services are produced.
C) coordinates activities without the need for planning by government agencies.
D) relies too heavily on input-output analysis.
Correct Answer:
Verified
Q161: Prices serve the public interest by
A)making resource
Q162: Division of iron ore between the production
Q163: An efficient distribution of goods requires that
A)everyone
Q164: When box lunches are handed out at
Q165: Under laissez-faire, the allocation of scarce resources
Q167: The coordination task of dividing products among
Q168: If the poor cannot afford proper medical
Q169: Total surplus is in which type of
Q170: Total surplus is
A)the sum of consumer's surplus
Q171: It is true that the distribution process
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