Which One of the Following Is a Major Difference Between

question 129

Multiple Choice

Which one of the following is a major difference between market and collective action through government?

• A) Individuals are motivated by personal interests when making market choices, but they will be motivated primarily by the public interest when making collective choices.
• B) Competitive behavior is present when decisions are made in the marketplace, but competition is absent when choices are made collectively.
• C) Scarcity constrains output when decisions are made in the market sector, but scarcity is absent when goods are provided by the government.
• D) In the market sector, there is generally a one-to-one link between payment and consumption; this link is often absent in the government sector.

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Definitions:

Texas Horned Lizard

A species of lizard native to the southern United States, characterized by its distinctive horns and ability to squirt blood from its eyes as a defense mechanism.

Invasive Species

Non-native organisms that spread widely and cause harm to the environment, economy, or health in a new area.

Primary Succession

A new community becomes established in an area where there was previously no soil.

Mosses And Lichens

These are diverse groups of non-vascular and composite organisms, respectively, that thrive in moist environments. Mosses are small, green, non-vascular plants, while lichens are symbiotic associations between fungi and photosynthetic algae or cyanobacteria.