Which statement is false?

A) Under our economic system,most of the important decisions are made in the market place.
B) In our economy the price mechanism determines the answers to our three basic questions-what,how,and for whom.
C) Most economists would agree that the price system leads to a very efficient allocation of resources.
D) None of these statements are false.

Economic System

The structure of methods and principles a society uses to produce and distribute goods and services.

Price Mechanism

The way in which the forces of supply and demand determine the price of goods and services in a free market.

Efficient Allocation

The process where resources are distributed in a manner that maximizes the net benefits attained through their use.