Which Statement Is Correct

question 4

Multiple Choice

Which statement is correct?

• A)The operation of a market system eventually results in an equal distribution of income.
• B)Producers are "kings" in a market economy because they determine what is produced.
• C)The market system is efficient at allocation of resources, but not consumer goods to their most valued uses.
• D)Freedom of choice and enterprise are essential elements of the market system.

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Definitions:

Use of Praise

The practice of expressing approval, appreciation, or admiration towards someone, often used as a motivational or feedback tool.

Intention to Persuade

The deliberate effort to influence others' beliefs or actions through argument, reasoning, or appeal.

Huckster

A person who sells or advertises something in an aggressive, dishonest, or annoying manner.

Ingratiation

A psychological tactic involving the use of flattery or other forms of social manipulation to gain favor or acceptance from others.