In a Market Economy,which of the Following Determines the Answer

question 86

Multiple Choice

In a market economy,which of the following determines the answer to the WHAT to produce question?

• A)Direct negotiations between consumers and government.
• B)Prices and profit.
• C)Government directives.
• D)A democratic vote by all consumers.

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Definitions:

Child Psychology

The study of the mental, emotional, and behavioral development of children from birth through adolescence.

Psychological Contract

An unwritten agreement that outlines the expectations and obligations between employees and employers, beyond the formal contract.

Job Satisfaction

A measure of how content an individual is with their job; it can affect performance, mental health, and company morale.

Organizational Commitment

The psychological attachment and loyalty an individual feels toward their organization, often reflected in their willingness to remain a part of it.