Under a System of Free, Competitive Markets

question 115

Multiple Choice

Under a system of free, competitive markets,

• A)a society can usually achieve efficiency only at the expense of equality.
• B)poverty cannot exist in the long run.
• C)employers do not practice statistical discrimination.
• D)income is distributed equally across the population.

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Definitions:

Academic Achievement

The extent of a student's success in completing assignments and learning in educational environments, often measured by grades and test scores.

Downward Social Mobility

The movement of an individual, social object, or group to a lower status, typically measured by changes in wealth, occupation, education, or health.

Perceived Similarity

The extent to which individuals believe they share common traits, values, or beliefs with others.

Control

The power to influence or direct people's behavior or the course of events.