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Economics
MEDIUM
ENGLISH
Economics
Which of the following statements is true about a market economy ?
A
With a large enough computer, central planners could guide production more efficiently than markets.
Option A
Market participants act as if guided by an invisible hand to produce outcomes that maximize social welfare
Correct answer
C
The strength of a market system is that it tends to distribute resources evenly across consumers.
Option C
D
Taxes help prices communicate costs and benefits to producers and consumers.
Option D
Correct answer: B
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