For What Social Function Are Clocks Essential

question 19

Multiple Choice

For what social function are clocks essential?

• A) ensuring that laborers perform enough work to earn their wages
• B) coordinating the activities of workers over time and across large distances
• C) predicting natural disasters,such as storms and earthquakes
• D) governing society by the principle of representative democracy

---

Definitions:

Oligopoly

Market structure in which relatively few sellers compete and high start-up costs form barriers to keep out new competitors.

Planned Economy

Economic system in which government controls determine business ownership, profits, and resource allocation to accomplish government goals rather than those set by individual firms.

Mixed Market Economy

features both private and public enterprise, blending elements of capitalist and socialist economic systems.

Private Enterprise System

Economic system that rewards firms for their ability to identify and serve the needs and demands of customers.