The Decision About What Goods and Services Will Be Produced

question 81

Multiple Choice

The decision about what goods and services will be produced made in a market economy is made by

• A)lawmakers in the government voting on what will be produced.
• B)workers deciding to produce only what the boss says must be produced.
• C)producers deciding what society wants most.
• D)consumers and firms choosing which goods and services to buy or produce.
• E)consumers dictating to firms what they need most.

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Definitions:

Consequences

Outcomes or effects that follow from specific actions, behaviors, or decisions, potentially influencing future behavior.

Academic Performance

The extent to which a student, teacher or institution has achieved their short or long-term educational goals.

Self-Efficacy

An individual's belief in their own capability to execute behaviors necessary to produce specific performance attainments.

Classroom Teachers

Educators responsible for teaching specific subjects or grade levels within a classroom setting, focusing on student learning and development.