In a Market Economy, the Distribution of Output Will Be

question 254

Multiple Choice

In a market economy, the distribution of output will be determined primarily by

• A) consumer needs and preferences.
• B) the quantities and prices of the resources that households supply.
• C) government regulations that provide a minimum income for all.
• D) a social consensus as to which distribution of income is most equitable.

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Definitions:

Collaborative Goals

Objectives designed to be achieved through teamwork and cooperation among individuals or groups.

Attractive Outcomes

Desirable results or benefits that motivate individuals or groups towards a particular course of action.

Team Reflexivity

is a process where team members collectively reflect on the team's objectives, strategies, processes, and outcomes to improve performance.

Team Processes

Refers to the mechanisms that underlie team performance and behavior, including communication, coordination, and conflict resolution.