In a market system, resources flow from lower-valued uses to higher-valued uses because of
A) the dictates of the government.
B) the desires of business to make a profit.
C) first come, first served.
D) the consumer is always right.
E) comparative advantage.

Question

Quizplus · Accepted Answer

In a market system, businesses are motivated to produce goods and services that have high demand and are willing to pay a higher price for them. This is because businesses aim to maximize revenue and profits. As a result, resources flow from lower-valued uses to higher-valued uses based on the desires of businesses to make a profit.

In a Market System, Resources Flow from Lower-Valued Uses to Higher-Valued