Which of the Following Is True

question 177

Multiple Choice

Which of the following is true?

• A) Competitive behavior is present in the market sector but not in the public sector.
• B) Because candidates for public office represent a bundle of views, there is more ability for individuals to make their preferences count on specific issues than in the market sector.
• C) When decisions are made democratically, the economic and political power of all individuals will be equal unlike in the market sector.
• D) The reality of the aggregate consumption-aggregate payment link imposed by scarcity is present in both the market and public sectors.

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Definitions:

Economic Relationship

Describes the connections and interactions between different economic entities, such as countries, organizations, or individuals, usually in terms of trade, investment, and financial exchanges.

United States

A country in North America consisting of 50 states, known for its large economy, diverse population, and significant cultural and political influence worldwide.

Mexico

A country in North America, bordered by the United States to the north, the Pacific Ocean to the south and west, Guatemala, Belize, and the Caribbean Sea to the southeast, and the Gulf of Mexico to the east.

1910

Refers to the year which marked significant events globally such as the start of the Mexican Revolution and advancements in technology and society at the early 20th century.