(Last Word) According to economist Donald Boudreaux, the world's tens of billions of individual resources get arranged productively:
A. because government has become highly effective at central planning.
B. because private property encourages people to consider the alternative uses of their
resources and select those that provide the most rewards.
C. because people tend to be creative and orderly.
D. through random trial and error.
Answer: B
Economics
You might also like to view...
What's another term for "positive externality"?
A) Negative externality B) Spillover cost C) Spillover benefit D) The "pay-as-you-go" principle
Economics
What is one role of the federal government's Department of Justice?
(A) To eliminate all barriers to entry. (B) To break up monopolies. (C) To encourage price fixing. (D) To provide businesses with loans for start-up costs.
Economics