A. efficient but inequitable
B. inefficient but equitable
C. efficient and equitable
D. a tenet of communism
Correct Answer: efficient but inequitable ✔
Last Updated: June 25, 2019
Related MCQs
- Congestion pollution urban decay and similar side effects of the market system are termed__________?
- The public sector__________?
- “Laissez-faire” is a policy that appeals to__________?
- Participant observation__________?
- The main function of organized labor is to__________?
- A professional trained in a narrow abstract field is a__________?
- Capitalisms roots can be found in__________?
- The price system__________?
- The more consumers are willing to pay for a product__________?
- NAFTA binds which three countries into a single commercial entity ?
- The condition of an increase in prices NOT triggered by an increase in demand is called__________?
- The marginal productivity of labor__________?
- Which of the following is NOT a predominant goal of American society ?
- Income received by firms that is not returned to households or other firms is called__________?
- Income received by firms from sources other than households is called__________?
- The behavior of an individual firm is part of__________?
- The participants in a market economy cannot pursue their goals freely because they are affected by__________?
- Inflation results when__________?
- Which is NOT a socioeconomic goal __________?
- When supply and demand are essentially equal the economy is said to be in__________?
- Public government agencies are__________?
- Professionalization means__________?
- What kind of a system is the economic institution ?
- The following factors are important in production__________?
- Today most workers in the United States are employed in the__________?
- When the American Cigar Co buys a pizza chain the process is called__________?
- When a few powerful corporation dominate as industry the condition is called__________?
- The Industrial Revolution shifted the emphasis in ownership from land to__________?
- Socialism and communism both call for__________?
- Consumer sovereignty means that__________?
- A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?
- The production possibilities frontier refers to__________?
- Material objects found in nature are called__________?
- In industrial societies consumption ?
- Professionalization means__________?
- What does one call property owned by the state in the name of the people ?
- A society’s economic system is largely determined by its concept of__________?
- Resources are defined as__________?
- The primary function of the economy as a social institution is to__________?
- Political activists__________?
- If we add the numerical values of all our cases together and divide by the number of cases we get the__________?
- The current transitional period in which there is uncertainty as to what will happen to political parties is termed ?
- A symbiotic relationship exists between__________?
- “Soft “money is__________?
- C.Wright Mills wrote that the “power elite” controls__________?
- Third parties arise when__________?
- The leaders of interest groups tend to be__________?
- Shortcomings of interest groups include__________?
- According to Robert Salisbury the crucial factor in turning awareness of an issue into an organized movement is__________?
- Public policy is__________?
- The process of circulating petitions in order to place specific issues before the legislators is called__________?