The incentives built into the market economy ensure that resources are put to good use and that opportunities to make people better off are not wasted.

This means that:

A) people usually are not selfish enough to exploit opportunities to make themselves better off.

B) markets move toward equilibrium.

C) resources should be used as efficiently as possible to achieve society's goals.

D) markets usually lead to efficiency.

Question

Kathy Jacobs

Business

8 July, 22:34

The incentives built into the market economy ensure that resources are put to good use and that opportunities to make people better off are not wasted.

This means that:

A) people usually are not selfish enough to exploit opportunities to make themselves better off.

B) markets move toward equilibrium.

C) resources should be used as efficiently as possible to achieve society's goals.

D) markets usually lead to efficiency.

+2

Answers (1)

Know the Answer?

Yasmine Hodge · Answer 1

D) markets usually lead to efficiency.

Explanation:

The incentives built into the economy ensures that the efficiency is achieved in markets except in case of market failure.