Which Statement Is Correct

question 64

Multiple Choice

Which statement is correct?

• A)In a market system, buyers and sellers must be in face-to-face contact with each other.
• B)Prices affect the distribution of goods in a market system but not the allocation of resources.
• C)In a market system, prices serve to ration goods and services to consumers.
• D)The operation of a market system has little, if any, effect on the distribution of income in the economy.

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Definitions:

Women's Rights

The freedoms and entitlements claimed for women and girls in societies worldwide, often concerning issues like voting rights, work equality, and reproductive rights.

Traditional Christian Society

A community or society that adheres to Christian teachings and practices as they have been traditionally understood and followed, often emphasizing historical doctrines and morality.

Businesses

Organizations engaged in commercial, industrial, or professional activities, aiming to generate profits.

Morality of Employees

The principles concerning the distinction between right and wrong or good and bad behavior as demonstrated by employees in a workplace setting.