Which of the Following Statements Is True

question 82

Multiple Choice

Which of the following statements is true?

• A)Markets respond to consumer preferences, whereas government responds only to societal preferences.
• B)Markets keep costs low because producers desire to please people regardless of cost.
• C)Government keeps costs low because it has a moral obligation to voters.
• D)It is safe to assume that government will do what is best for society, whereas markets do what is best for business owners.
• E)The lack of the profit motive encourages supervisors in government agencies to make decisions concerning employees on the basis of issues other than merit.

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Definitions:

Opportunity for Growth

The potential for personal or professional development and advancement.

Managed Carefully

The practice of overseeing or directing something with attention and caution to ensure success or efficiency.

Conflict Resolution Process

A systematic approach to addressing and resolving disagreements or disputes in a constructive manner, focusing on finding mutually acceptable solutions.

Mutual Gain

A situation or outcome where all parties involved benefit or profit from the arrangement or deal.