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:

Parietal Lobe

A region of the brain responsible for processing sensory information related to touch, pressure, temperature, and spatial orientation.

Spatial Abilities

Skills related to understanding, organizing, and using physical space and its dimensions.

Wernicke's Area

A region of the brain involved in understanding spoken language, located in the temporal lobe.

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information, and also involved in memory and speech.