One of the basic principles of economics is that markets are usually a good way to organize economic activity. This principle is explained by the study of
A)factor markets.
B)energy markets.
C)welfare economics.
D)labor economics.

Question

Quizplus · Accepted Answer

The principle that markets are usually a good way to organize economic activity is explained by welfare economics, which studies how markets allocate resources and whether this allocation is efficient and equitable.

One of the Basic Principles of Economics Is That Markets