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MMLU / In the design of a competitive market system, which of the following does NOT…

Problem

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question

In the design of a competitive market system, which of the following does NOT describe how resources are allocated?

choices

  1. Price signals that guide producers on what, when, how, and for whom to produce goods and services.
  2. Active government ownership and direction of production.
  3. Voluntary market exchange between buyers and sellers.
  4. Distribution of income and goods on the basis of contribution or productivity.

subject

high_school_microeconomics

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Source and history

Official source

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