6. Christine has hired a group of college graduates to work for her new startup company: Graduates with computer science majors design the software and maintain the website, graduates with economics majors prepare financial reports, and graduates with marketing majors help design brochures and fliers to advertise the company.
Which of the following principles of economic interaction best describes this scenario?
A. Markets move toward equilibrium.
B. Markets usually lead to efficiency.
C. When markets do not achieve efficiency, government intervention can improve overall welfare.
February 11th, 2009 at 2:55 pm
B. Markets usually lead to efficiency.
A has to do with competition; D with transactions and your question makes no mention of Government so it can’t be C.