The Main Characteristics of a Modern Market System Include All

question 126

Multiple Choice

The main characteristics of a modern market system include all of the following except

• A) entrepreneurs are free to obtain and use resources to produce goods and services.
• B) consumers are free to buy goods and services that their budgets allow.
• C) economic power is diffused by competition among economic units.
• D) government is restricted to national defense and does not intervene at all in various markets.

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Definitions:

Myers-Briggs Type Indicator

A self-report inventory designed to identify a person's personality type, strengths, and preferences, based on Jungian psychology.

Sixteen Personality Factor

The Sixteen Personality Factor Questionnaire is a psychological assessment tool that measures an individual's personality traits across 16 different factors.

Cattell

A psychologist known for his work in personality theory and the development of psychometric tests.

Psychological Types

Categories or groups of individuals based on their psychological characteristics, often used in personality assessment.