The Term Dollar Votes in a Market System Means

question 53

Multiple Choice

The term dollar votes in a market system means

• A)inflation will occur if consumers don't spend wisely.
• B)voters may be offered dollars to help elect certain political candidates.
• C)government is responsible for determining what will be considered legal tender.
• D)consumers "vote" for certain products to be produced by how they spend their incomes.

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Definitions:

Availability Heuristic

An intellectual shortcut that depends on the readily accessible examples in someone's memory upon contemplating a certain subject, notion, technique, or judgment.

Rare Events

Events that occur infrequently or have a low probability of happening within a given time frame.

Insure Themselves

The act of individuals or entities protecting themselves against financial loss through the purchase of insurance.