The Task of Deciding Which Consumer Gets Each of the Goods

question 38

Multiple Choice

The task of deciding which consumer gets each of the goods produced in a free-market economy is solved by

• A)the price system.
• B)the industries which produce the goods.
• C)the central planners.
• D)citizens with political power.

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Definitions:

Main Verb

The primary action word in a sentence that indicates the action performed by the subject or describes its state of being.

Proposition

A comment that delivers an opinion or judgment.

Proposition

An articulation offering an evaluation or belief, capable of being correct or incorrect.

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.