A Difference Between the Market and the Public Sector Is

question 88

Multiple Choice

A difference between the market and the public sector is that

• A) competition exists only in the market sector.
• B) resources are only scarce for the market sector.
• C) decision making is by majority rule in the public sector but not in the market sector.
• D) only the public sector produces private goods.

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Definitions:

Charles Darwin

A 19th-century naturalist known for developing the theory of evolution by natural selection, explaining species diversity.

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The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

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The inherited tendencies or vulnerabilities to exhibit characteristics or conditions, including diseases, based on one's genetic makeup.

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An intense, often irrational aversion or phobia of snakes.