For Whom Is a Given Mix of Goods and Services

question 94

Multiple Choice

For whom is a given mix of goods and services to be produced? How, in other words, is the product to be distributed among people when such commodities and services are available? In a market economy, this problem is resolved primarily in the:

• A)public sector through the mechanism of central planning.
• B)business sector through the mechanism of advertising.
• C)private sector through the earning and spending of income.
• D)money market through borrowing and saving by households and businesses.

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Definitions:

Mutations

Changes in the DNA sequence that affect genetic information, which can lead to variations in phenotype.

Insertions

The addition of one or more nucleotide pairs into a genetic sequence, which can lead to changes in gene function or regulation.

Phenotype

The set of observable characteristics or traits of an organism, resulting from the interaction of its genetic makeup with the environment.

Protein-Coding Sequence

A segment of DNA or RNA that is translated into a protein, containing instructions for the amino acid sequence of the protein.