Which of the Following Observations Is True

question 248

Multiple Choice

Which of the following observations is true?

• A)Free markets will achieve all of society's goals.
• B)The ability to buy goods is divided equally among consumers.
• C)The market deals with efficiency in production through the profit motive.
• D)The market system encourages firms to use inputs wastefully.

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Definitions:

Selective Perception

The process by which individuals perceive what they want to in media messages while ignoring opposing viewpoints.

Stimulus Discrimination

The learned ability to distinguish between similar stimuli and respond only to the actual stimulus associated with a reward or punishment.

Selective Retention

The psychological process whereby people more easily remember information that is consistent with their beliefs, values, and previous experiences, often leading to biased recollection.

Selective Exposure

The tendency of individuals to preferentially seek out and attend to information that conforms to their existing beliefs and values.