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:

Present Context

The current situation or environment in which something exists or occurs.

Retrieval Cues

Stimuli or signals that can trigger the recall of memories, helping to bring information from long-term memory into conscious awareness.

Emotional Arousal

The physiological and psychological state of being awoken or stimulated to action.

Use It or Lose It

A principle suggesting that failing to use certain skills or abilities can lead to their deterioration over time.