Which of the Following Observations Is True

question 117

Multiple Choice

Which of the following observations is true?

• A)Free markets will achieve all of society's goals.
• B)The ability to buy goods is divided equally among consumers.
• C)The market leads to efficiency in production through the profit motive.
• D)The market system encourages firms to use inputs wastefully.

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Definitions:

Right or Privilege

A distinction where a right is an entitlement or justification to have or do something, whereas a privilege is a special benefit or advantage granted to someone under certain conditions.

UN Global Compact

A United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.

Human Rights

The inherent rights that every person is entitled to, regardless of race, nationality, gender, or religion, including the rights to life, freedom, and expression.

Eradicate Corruption

The act of eliminating dishonest or fraudulent conduct by those in power, typically involving bribery or embezzlement, aiming to establish integrity in all processes.