In a _____, Prices Transmit Information Between Buyers and Sellers

question 17

Multiple Choice

In a _____, prices transmit information between buyers and sellers.

• A) market economy
• B) welfare state
• C) socialist economy
• D) command economy

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Definitions:

War Powers Resolution Act

A federal law intended to check the president's power to commit the United States to armed conflict without the consent of Congress, passed in 1973.

Congress Limits

Legal and constitutional boundaries that define the powers and functions of the U.S. Congress, preventing overreach into areas reserved for the states or other branches of government.

Vietnam War

A protracted conflict (1955-1975) between North Vietnam, supported by its communist allies, and South Vietnam, supported by the United States and other anti-communist nations.

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A militant group that follows a fundamentalist doctrine of Sunni Islam and aimed to establish a caliphate in the Middle East.