1 In an economy in which decisions are guided by prices and individual selfinterest there isA

Question

1. In an economy in which decisions are guided by prices and individual self-interest,

there is

A.

the potential to achieve efficiency in production.

B. a strong need for government intervention in the market.

C. less efficiency than would be observed in a centrally-planned economy.

D. more need for a strong legal system to control individual greed than would be

needed in a centrally-planned economy.

Economics