Which of the Following Is True in a Market Economy

question 16

Multiple Choice

Which of the following is true in a market economy?

• A) Central planners determine answers to the basic economic questions.
• B) Resources are used efficiently.
• C) The distribution of wealth is equal.
• D) Information for production and distribution decisions pass directly to buyers from the government.

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Definitions:

Response Inhibition

The cognitive process involved in the ability to suppress actions or behaviors that are inappropriate or no longer required in a given context.

Dementia-Like Symptoms

Signs and conditions that resemble those of dementia, such as memory loss, cognitive decline, and difficulty with daily tasks, but may not be caused by dementia itself.

Delirium

A sudden and severe change in brain function that causes confusion, disorientation, and emotional disruption.

Attention

The ability to direct one’s awareness.