The Idea That Consumers Ultimately Dictate What Not to Produce

question 17

Multiple Choice

The idea that consumers ultimately dictate what not to produce by choosing what not to purchase is known as

• A) laissez-faire.
• B) the economic problem.
• C) centralized decision making.
• D) consumer sovereignty.

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Definitions:

Electromagnetic Radiation

Energy that spreads out as it travels through space, exhibited in forms such as radio waves, light, and x-rays.

Distends

Becomes inflated, stretches out.

Inflated

Increased or exaggerated beyond reasonable or normal limits, often referring to prices, ego, or statistics.

Radiograph

A record produced on a photographic plate, film, or paper by the action of X-ray or radium.