The Assumption That Consumers Have Power Over Producers Through the Decisions

question 16

Multiple Choice

The assumption that consumers have power over producers through the decisions they make in purchasing goods and services is known as:

• A)work ethic
• B)equality of opportunity
• C)consumer sovereignty
• D)consumption ethic
• E)economic freedom

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Definitions:

Poor Reality Contact

A term indicating difficulty in distinguishing external reality from internal thoughts and fantasies, often seen in severe mental illnesses.

Manic States

Periods of abnormally elevated mood, energy levels, and activity, often associated with bipolar disorder.

Energy

The capacity to do work, manifested in physical (like mechanical, thermal) or chemical forms and convertible from one form to another.

Optimism

A general tendency to expect good outcomes.