An Economic System Is the Set of Rules That Define

question 197

Multiple Choice

An economic system is the set of rules that define _______ and _______.

• A) resources; prices
• B) who gets to vote; when elections will be held
• C) market prices; factors of production
• D) how an economy's resources are to be owned; how decisions about the resources are to be made

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Definitions:

Physical Assault

A violent act where one person inflicts physical harm upon another.

Type B Personality

Type B Personality is characterized by a less competitive, more relaxed approach to life, and a lower level of stress than Type A personality.

Type A Personality

A temperament characterized by intensity, a high work ethic, competitiveness, and a sense of urgency, often associated with stress and frustration.

Organizational Initiatives

Planned efforts or actions taken by an organization to achieve specific goals or improvements.