The major advantage of a market economy is that
a. it maximizes the need for resource-flow data
b. prices convey most of the information necessary to coordinate economic activity among firms
c. data are aimed at central planners
d. prices are essentially meaningless
e. All of the answers are correct
Question 2
A firm should be transparent, meaning
a. the windows at headquarters should be cleaned regularly
b. if executives lie during a stockholder meeting, people should be able to see right through them
c. someone should be able to look at the books and the balance sheet and tell exactly what's going on
d. None of the answers is correct
e. All of the answers are correct
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
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