The Major Virtues of the Market System Include All of the Following

question 113

Multiple Choice

The major virtues of the market system include all of the following, except

• A)it promotes an efficient allocation of resources.
• B)it leads to equality in the distribution of income.
• C)it provides incentives for greater production and higher incomes.
• D)it emphasizes the freedom to pursue self-interest.Difficulty: 02 Medium

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Definitions:

Piaget

Swiss psychologist known for his pioneering work in child development and his theory of cognitive development stages.

Development

The process of growth or improvement over time, which can refer to physical, cognitive, social, or emotional changes in living organisms.

False Beliefs

Convictions or understandings that are not aligned with the actual truth or reality.

Language Development

The process by which children come to understand and communicate language during early childhood.