The price system is sometimes criticized in that it a. results in allowing the rich get a disproportionate say in what goods and services are produced. b. leads to greater efficiency. c. relies too heavily on input-output analysis. d. coordinates activities without the need for planning by government agencies.

The price system is sometimes criticized in that it a. results in allowing the rich get a disproportionate say in what goods and services are produced. b. leads to greater efficiency. c. relies too heavily on input-output analysis. d. coordinates activities without the need for planning by government agencies.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter1: Ten Principles Of Economics

Section: Chapter Questions

Problem 1CQQ

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	a.	results in allowing the rich get a disproportionate say in what goods and services are produced.
	b.	leads to greater efficiency.
	c.	relies too heavily on input-output analysis.
	d.	coordinates activities without the need for planning by government agencies.