QUESTION 18 The market system ensures that O a lazy people w

QUESTION 18 The market system ensures that O a. lazy people will be rewarded b. resources are allocated to where they are most highly valued. c. the government makes all decisions. d resources are allocated to where they are least highly valued

Solution

The correct choice is b

Explanation : - In a market system the decisions about what to produce, how to produce and for whom to produce are made by consumers and producers; the government does not intervene. Thus market system ensures that resources are allocated to where they are most highly valued.