When the Market Mechanism Is Allowed to Operate Freely,prices Will

question 16

Multiple Choice

When the market mechanism is allowed to operate freely,prices will determine

• A)Only the mix of output to be produced and the resources to be used in the production process.
• B)Only the resources to be used in the production process and for whom the output is produced.
• C)The mix of output to be produced,the resources to be used in the production process,and for whom the output is produced.
• D)Only for whom the output is produced and the mix of output to be produced.

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Definitions:

Socioeconomic Status

A measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Cultural Background

The social, ethnic, religious, and familial influences that shape an individual's values, beliefs, practices, and view of the world.

Health Care System

An organized plan of health services designed to meet the health needs of target populations.

Illness Behavior

Ways in which people monitor their bodies, define and interpret their symptoms, take remedial actions, and use the health care system.