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:

Adjustment

The process of making small changes to achieve a desired result or fit.

Hospital Schedules

Systems and plans for the timing of medical services and procedures, staffing, and resource allocation within a hospital to ensure efficient and effective patient care.

Croup

A respiratory condition typically seen in young children characterized by a distinctive barking cough.

Care Plan

A detailed approach designed for an individual’s healthcare management, outlining specific goals and actions to manage a patient's condition.