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:

Solar-Powered Lighting

Lighting systems that use solar panels to convert sunlight into electricity, providing a sustainable and energy-efficient source of illumination.

Initial Public Offering

The first sale of a company's shares to the public, marking a private company's transition to a public company.

Accredited Investor Exemption

A regulatory exemption allowing certain qualified investors to participate in investments not available to the general public.

Takeover Bid

An attempt by a competitor to obtain a controlling interest in a corporation.