Which of the Following Is NOT an Advantage of a Free-

question 60

Multiple Choice

Which of the following is NOT an advantage of a free- market economy?

• A) The profit incentive encourages efficiency in production.
• B) The economy can respond quickly to changes in demand.
• C) Competition can keep prices down.
• D) There may be little competition between firms.

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Definitions:

Adolescent Suicides

Refers to the act of intentionally causing one's own death among individuals in the adolescent age group, often due to a variety of complex factors including psychological, environmental, and social issues.

United States

A country comprising 50 states, a federal district, five major self-governing territories, and various possessions, known for its large size and diverse geography and population.

Suicide Rate

A metric usually expressed per 100,000 individuals, measuring the number of suicides that take place within a given population during a specified period of time.

Identity Achievement

A status in which an individual has gone through an identity crisis and has made a commitment to a sense of identity (i.e., role or goal) that he or she has chosen.