Two Major Virtues of the Market System Are That It

question 176

Multiple Choice

Two major virtues of the market system are that it

• A) allocates resources efficiently and allows economic freedom.
• B) results in an equitable personal distribution of income and always maintains full employment.
• C) results in price-level stability and a fair personal distribution of income.
• D) eliminates discrimination and minimizes environmental pollution.

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Definitions:

Light Requirements

The specific needs for illumination necessary for the health, growth, or functionality of living organisms or systems.

Full Sunlight

A condition where an area receives unobstructed sunlight throughout the day, ideal for plants requiring high light exposure.

Sandy Soil

Sandy soil is a type of soil known for its large particles and gritty texture, which provides good drainage but poor nutrient retention.

Self-Sufficiency

The ability to fulfill all of one’s needs without external assistance.