The Market System's Answer to the Fundamental Question "How Will

question 9

Multiple Choice

The market system's answer to the fundamental question "How will the system accommodate change?" is essentially

• A) "Through government leadership and direction."
• B) "Through the guiding function of prices and the incentive function of profits."
• C) "Through training and retraining programs."
• D) "Through trial and error."

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Definitions:

U.S. Constitution

The foundational document of the United States government, outlining the nation's fundamental laws and principles along with the structure of its government.

Restatements

Publications that endeavor to distill the common law and its application into a series of principles or rules, prepared by the American Law Institute.

Common Law Doctrines

Legal principles that have developed over time through the decisions of courts rather than through legislative statutes or executive branch action.

The U.S. Constitution

The foundational document of the United States, outlining the framework for the federal government and enumerating individual rights.