Which of the Following Is True

question 177

Multiple Choice

Which of the following is true?

• A) Competitive behavior is present in the market sector but not in the public sector.
• B) Because candidates for public office represent a bundle of views, there is more ability for individuals to make their preferences count on specific issues than in the market sector.
• C) When decisions are made democratically, the economic and political power of all individuals will be equal unlike in the market sector.
• D) The reality of the aggregate consumption-aggregate payment link imposed by scarcity is present in both the market and public sectors.

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Definitions:

Personal Friendship

Personal friendship involves a mutual bond between people who share interests and affection not necessarily based on business or professional interests.

Unsalable Goods

Products that cannot be sold due to being outdated, damaged, or otherwise not meeting the market's standards.

FMCG Company

Fast Moving Consumer Goods company; specializes in manufacturing, distribution, and marketing of products that are frequently purchased such as food, beverages, cleaning products, and personal care items.

Retailer

A business or person that sells goods to consumers, typically in small quantities and through a storefront, online platform, or other direct-to-consumer channels.