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Question
Which of the following is true of Adam Smiths view of markets and resource allocation?
a) Markets allow decentralized decision making.
b) Markets discourage innovation.
c) Efficient markets depend on the goodwill of individuals.
d) Markets are usually inefficient in allocating scarce resources to the society.
Answer
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Related questions
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c) micropatronage
d) fair trade movement
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b) The demand side of corruption is high.
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b) persecution of religious minorities
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b) legislation
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b) customers; suppliers
c) government; markets
d) markets; buyers
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a) Congress
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