In a Market System, Which of the Following Is a Major

question 79

Multiple Choice

In a market system, which of the following is a major benefit of making the firm's owners and investors exclusively shoulder the business risk?

• A)Those who deeply dislike business risk will not have anything to do with the business.
• B)This allows firms to more easily attract labor and other suppliers of inputs.
• C)This reduces the business risk in the economy.
• D)It makes it easier for the government to monitor and manage the business risk.

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Definitions:

Dollar Worth

The value of the United States dollar in terms of goods, services, or other currencies.

Legal Obligation

A duty enforceable by law, requiring a person or organization to perform or refrain from performing a certain action.

Basic Necessities

Essential items and services required for individuals to maintain an adequate standard of living, such as food, shelter, and healthcare.

John Rawls

An American political philosopher known for his theory of justice as fairness, which includes principles of liberty and equality that govern the basic structure of society.