The Market System's Answer to the Fundamental Question "How Will

question 5

Multiple Choice

The market system's answer to the fundamental question "How will the system accommodate change?" is essentially

• A)"Through government leadership and direction."
• B)"Through the guiding function of prices and the incentive function of profits."
• C)"Through training and retraining programs."
• D)"Through trial and error."

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Definitions:

Route Information

Represents the knowledge or data related to pathways, directions, or navigation procedures from one location to another.

Spatial Information

Spatial information pertains to the position, area, and size of objects in space, and is crucial for navigation, understanding geometry, and organizing objects.

Spatial Cognition

The ability to process information about the locations and attributes of objects in space.

Representing Space

The process or method by which spatial relationships and environments are described or depicted, as in maps, models, or visual arts.