Which of the Following Statements Does Not Apply to a Market

question 388

Multiple Choice

Which of the following statements does not apply to a market economy?

• A) Firms decide whom to hire and what to produce.
• B) The "invisible hand" usually maximizes the well­being of society as a whole.
• C) Households decide which firms to work for and what to buy with their incomes.
• D) Government policies are the primary forces that guide the decisions of firms and households.

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Definitions:

Cyclooctane

A cyclic hydrocarbon with the formula C8H16, consisting of a ring of eight carbon atoms.

Line Structure

A simplified drawing that represents a molecule's structure with lines representing bonds between atoms and excludes showing hydrogen atoms bonded to carbon.

Benzene

A colorless, flammable, ring-shaped hydrocarbon with the formula C6H6, known for its role in organic chemistry as a building block for more complex molecules.

Cyclohexane

A colorless, flammable liquid with a distinctive detergent-like smell, commonly used as an organic solvent and a precursor to nylon.