The Decision About What Goods and Services Will Be Produced

question 84

Multiple Choice

The decision about what goods and services will be produced 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.

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Definitions:

Normal Fault

A type of fault where the hanging wall moves downward relative to the footwall due to tensional forces.

Reverse Fault

A type of fault where the hanging wall moves up relative to the footwall due to compressional forces.

Strike-Slip Fault

A type of fault where two blocks of earth slide past each other horizontally.

Lateral Fault

A type of geological fault where the motion is primarily horizontal.