"For Whom Is a Given Mix of Goods and Services

question 165

Multiple Choice

"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed among its members?" In a market economy, this question is resolved primarily in the

• A)public sector through the mechanism of central planning.
• B)business sector through the mechanism of advertising.
• C)private sector through the earning and spending of income.
• D)money market through borrowing and saving by households and businesses.

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Definitions:

Positive Emotions

Feelings that are constructive, uplifting, and beneficial to well-being, such as happiness, love, contentment, and enthusiasm.

Enthusiasm

Intense and eager enjoyment, interest, or approval.

Laughter

A vocal expression of amusement, joy, or happiness, often involving audible bursts of sound.

Negative Emotions

Feelings that are generally considered undesirable, such as sadness, anger, fear, or jealousy, often resulting from adverse situations.