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CIMAPRA17-BA1-1 Exam - Topic 1 Question 119 Discussion

In a market economy the market mechanism can achieve all the following except one. Which is the exception?
D) Ensuring a socially fair distribution of goods and services
A) Signaling changes in consumer tastes
B) Causing supply to respond to changes in demand
C) Eliminating excess supply and demand

CIMAPRA17-BA1-1 Exam - Topic 1 Question 119 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 119
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

In a market economy the market mechanism can achieve all the following except one. Which is the exception?

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Suggested Answer: D

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Dominic
2 months ago
Exactly! Market efficiency doesn't equal social justice.
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Benton
2 months ago
Yeah, D is tricky. Market doesn't care about social equity.
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Nicolette
2 months ago
C is also possible, but D is the odd one out.
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Alton
3 months ago
Right! A and B are definitely achievable.
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Alona
3 months ago
Agreed, D makes sense. It's all about profit, not fairness.
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Helaine
3 months ago
I think the answer is D. Market can't ensure fairness.
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Billye
3 months ago
Yeah, D is definitely not something the market can handle.
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Tiera
3 months ago
A, B, and C are all about efficiency, but D is different.
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Dorothy
3 months ago
Wait, are we sure about D? Seems a bit off.
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Jeniffer
4 months ago
Totally agree, the market can't ensure fairness.
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Barb
4 months ago
The market is like a ruthless capitalist overlord - it wants to maximize profits, not ensure fairness. D is the exception.
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Destiny
4 months ago
I'm pretty sure the market is all about efficiency, not equality. D has got to be the right choice.
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Vashti
5 months ago
Haha, the market cares about profits, not social justice. D is the clear answer here.
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Olive
5 months ago
D is the exception. A market economy is not designed to ensure a socially fair distribution of goods and services.
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Asuncion
5 months ago
I thought all of these were achievable by the market, but now that I think about it, ensuring fairness seems tricky. Maybe that's the exception?
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Willodean
5 months ago
I practiced a similar question where we talked about how the market doesn't ensure a socially fair distribution of goods. That might be the answer here.
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Chana
5 months ago
I'm a bit unsure, but I feel like the market can eliminate excess supply and demand, right? That might not be the exception.
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Harrison
5 months ago
I remember discussing how the market mechanism signals changes in consumer tastes, so I think that one is definitely not the exception.
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Janessa
6 months ago
Ah, I see now. The market is great at the first three, but distributional equity is not something it can handle. Gotta remember that the market has its limitations when it comes to social welfare.
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Tiffiny
6 months ago
I think the answer is D. The market mechanism is all about efficiency, not fairness. Ensuring a socially fair distribution of goods and services is something the market can't achieve on its own.
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Ronnie
6 months ago
I'm a little confused on this one. The market is supposed to be efficient, but a fair distribution? That doesn't sound like something it can do. Let me re-read the options.
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Sophia
6 months ago
D is the exception, for sure.
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Dewitt
7 months ago
The market mechanism is great at signaling changes, responding to demand, and eliminating imbalances, but it doesn't care about fairness. D is the odd one out.
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Della
7 months ago
Okay, I've got this. The market mechanism is great at signaling changes in consumer tastes, causing supply to respond to demand, and eliminating excess supply and demand. But ensuring a fair distribution? That's the exception.
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Beth
7 months ago
Hmm, this one seems tricky. I'll need to think carefully about the role of the market mechanism and what it can and can't achieve.
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Carissa
2 months ago
Exactly! The market can't guarantee social equity.
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Viki
2 months ago
C makes sense too, but D is the odd one out.
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Son
6 months ago
Right! A and B are definitely achievable.
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Eric
6 months ago
I think D is the exception. The market doesn't ensure fairness.
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Gianna
7 months ago
Agreed! It's all about efficiency, not fairness.
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