Which of the following statements is true about a market economy ?

Question

Xaibi Aslam · Accepted Answer

Market participants act as if guided by an invisible hand to produce outcomes that maximize social welfare

Xaibi Aslam · Answer

With a large enough computer, central planners could guide production more efficiently than markets.

Xaibi Aslam · Answer

The strength of a market system is that it tends to distribute resources evenly across consumers.

Xaibi Aslam · Answer

Taxes help prices communicate costs and benefits to producers and consumers.

Question #50062