The Following Question Are Based on the Following Circular Flow

question 47

Multiple Choice

The following question are based on the following circular flow diagram:

-In a free market,the price system provides for an adequate rate of growth by

• A) making the augmentation of a society's resources unprofitable.
• B) ensuring an upward-sloping supply curve.
• C) meeting each consumer's demand.
• D) providing strong incentives for firms to introduce new technology.
• E) ensuring that each good is produced in the proper amount.

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Definitions:

Diethyl Ether

A highly volatile, flammable liquid used primarily as a solvent and as an anesthetic historically.

Pentanone

A class of ketones with a five-carbon backbone, including molecules such as pentan-2-one, characterized by their distinct functional group.

Butanone

A colorless, highly flammable liquid solvent with a sharp minty smell, commonly used in coatings and adhesives.

Hexanone

Hexanone, often referred to as hexone, is an organic compound with a six-carbon chain terminating in a ketone functional group, known for its role in chemical synthesis and industry.