Market Economies Are Primarily Characterized by ________

question 17

Multiple Choice

Market economies are primarily characterized by ________.

• A)formal cooperation among government, companies, and workers to achieve stable growth
• B)heavy government spending and high taxation to pay for a range of social services
• C)minimal governmental participation
• D)restricted consumer powers

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Definitions:

Representatives

Individuals elected to serve in a legislative body, tasked with making and amending laws as well as representing the interests of their constituents.

Universal Suffrage

The right of all adult citizens to vote in elections without restrictions based on wealth, gender, social status, race, or ethnicity.

Representative Government

A form of democracy where citizens elect officials to create laws and policy on their behalf rather than making decisions directly.

Right to Vote

The legally guaranteed ability for individuals to participate in the electoral process, making decisions through casting ballots in public elections.