In a Market Economy, the Three Economic Questions Are Answered

question 45

Multiple Choice

In a market economy, the three economic questions are answered by which of the following?

• A) Prices determined by the interaction of the forces of supply and demand.
• B) A cartel of major transnational corporations, government agencies, and consumer advocates.
• C) A trilateral commission of major corporations, the military, and elite university professors.
• D) A central authority such as people's committee, a government agency, or a dictator.

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Definitions:

Cell Metabolism

The complex series of chemical reactions occurring within a cell to maintain life, involving the processing of nutrients for energy and the synthesis of necessary substances.

Plasma Membrane

The lipid bilayer that forms the outer boundary of a cell, regulating the passage of substances in and out of the cell.

Phospholipids

Phospholipids are a class of lipids that are a major component of all cell membranes as they can form lipid bilayers.

Voltage-Gated Channels

Protein channels in cell membranes that open or close in response to changes in membrane potential, crucial for nerve impulse transmission.