The Market Mechanism

question 149

Multiple Choice

The market mechanism

• A)Is not a very efficient means of communicating consumer demand to the producers of goods and services.
• B)Works through central planning by government.
• C)Eliminates market failures created by government.
• D)Works because prices serve as a means of communication between consumers and producers.

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Definitions:

Psychological Problems

encompasses a range of mental health issues and disorders that affect a person's thinking, feeling, behavior, and overall well-being.

Overprotectiveness

An excessive desire to protect someone from real or perceived dangers, often leading to restrictions that can impede personal growth or independence.

African American/Black

Pertaining to individuals of African descent living in the United States.

Slave System

A social and economic system that relies on the enforced labor of individuals who are owned by others.