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

question 5

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:

Flexibility

Ability to tolerate a mismatch (discorrespondence) between needs and rewards.

Theory of Work Adjustment

A psychological theory explaining how workers adjust to their jobs by balancing their abilities with job demands and their needs with job rewards.

Celerity

The quality of being quick or prompt; swiftness of action or motion.

Endurance

Sustaining of interaction with the environment.