One problem with the absolute approach to poverty is that there is no agreement as to which goods and services to include in the definition

Which of the following statements about markets is false?

a. markets are used to allocate resources in market systems b. markets can vary in geographical size c. prices are used to allocate goods in markets d. markets are used to allocate resources in centrally-planned socialist economic systems e. supply and demand explains how prices are set in competitive markets

A government program that reduces land under cultivation hurts farmers but helps consumers

a. True b. False Indicate whether the statement is true or false