How Are the Fundamental Economic Questions Answered in a Market

question 171

Multiple Choice

How are the fundamental economic questions answered in a market economy?

• A)The government alone decides the answers.
• B)Individuals, firms, and the government interact in markets to decide the answers to these questions.
• C)Households and firms interact in markets to decide the answers to these questions.
• D)Large corporations alone decide the answers.

---

Definitions:

Acute Tubulointerstitial Nephritis

A sudden kidney disorder characterized by inflammation of the tubules and surrounding structures, often caused by an allergic reaction to medication.

Acute Renal Failure

A sudden loss of kidney function, characterized by a decline in the kidneys' ability to filter waste products from the blood.

Medullary Necrosis

A condition involving the death of cells within the medulla, an inner region of an organ such as the kidneys or adrenal glands.

Lower Urinary Tract Infections

Infections occurring in the bladder or urethra, often characterized by frequent urination, burning during urination, and cloudy urine.