1.02 Unit 2 Quiz 2
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In the United States economy, few resources, goods, and services are allocated through markets.
False
Market competition allows people to have all they want.
False
Shortage and scarcity mean the same thing.
False
The allocation rule of "first-come-first-served" promotes productive cooperation.
False
All goods and services are scarce.
True
An important function of government is to outlaw the use rule of force.
True
Competition through force remains common between governments in the form of wars.
True
Market competition doesn't eliminate scarcity.
True
Scarcity always exists.
True
The rules of government distribution do not eliminate competition.
True
