The Key Decision Makers in a Market Economy Are

question 106

Multiple Choice

The key decision makers in a market economy are

• A)households,firms,and government.
• B)individual citizens,non-profit organizations,and the Bank of Canada.
• C)governments and all institutions under government control.
• D)large corporations and labour organizations.
• E)corporations and governments.

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Definitions:

Physical Arousal

The physiological and psychological state of being awoken or activated, often in response to a stimulus.

Schachter

Stanley Schachter was a psychologist known for his development of the two-factor theory of emotion, which considers both physiological arousal and cognitive interpretation.

Singer

A singer is a person who uses their voice to produce musical sounds through modulation in tone and pitch, performing alone or with other musicians.

Process

A series of actions or steps taken in order to achieve a particular end.