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:

Citizenship

The status of being a legally recognized subject or national of a state, with specific rights and obligations.

Racial Injustice

Inequitable treatment or discrimination against individuals or groups based on race, affecting opportunities, access to resources, and societal participation.

Colorblindness

The assertion or policy of ignoring racial characteristics, which can overlook systemic inequalities and hinder the recognition of diverse identities.

Polluted Air

The presence of harmful or excessive quantities of substances, including gases, particulates, and biological molecules in the Earth's atmosphere, causing health and environmental issues.