Private Property and Freedom of Choice in a Market System

question 26

Multiple Choice

Private property and freedom of choice in a market system have the following implications, except

• A) individuals are free to take on the financial risks involved in a business.
• B) trades that take place in the economy are mutually agreeable transactions among individuals.
• C) economic agents can act in their own self-interest.
• D) large firms are allowed to coerce other firms and individuals.

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Definitions:

Zinc

A chemical element with symbol Zn and atomic number 30, it is a necessary mineral for human health, involved in various biochemical processes.

Iron

A chemical element with symbol Fe and atomic number 26, known for its metallic properties and crucial role in biological processes like oxygen transport in hemoglobin.

Hydrogen Bonds

Weak bonds between partially positive hydrogen atoms and partially negative atoms, such as oxygen or nitrogen, important in the structure of water and biological molecules.

Cohesiveness

The characteristic of molecules or particles sticking together in a mass, important in various physical and biological processes.