In a Market Economy, the Distribution of Output Will Be

question 254

Multiple Choice

In a market economy, the distribution of output will be determined primarily by

• A) consumer needs and preferences.
• B) the quantities and prices of the resources that households supply.
• C) government regulations that provide a minimum income for all.
• D) a social consensus as to which distribution of income is most equitable.

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Definitions:

Established Religion

Refers to a religion given official status and support by a government, making it the nation's or state's recognized faith.

Slave Revolts

Armed uprisings by enslaved people seeking freedom and the abolition of slavery.

South Carolinians

Residents of South Carolina, a southeastern U.S. state known for its shorelines, historical significance, and cultural heritage.

Positive Changes

Transformations or modifications that result in beneficial outcomes or improvements over the previous state.