The Decision About What Goods and Services Will Be Produced

question 14

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.
• E)consumers dictating to firms what they need most.

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Definitions:

Commitment

The psychological attachment or loyalty an individual feels towards an organization, cause, or goal, often reflected in willingness to invest effort and maintain membership.

Compliance

Adherence to laws, regulations, guidelines, and specifications relevant to an organization's operations.

Resistance

The refusal to accept or be changed by something.

Adherence

The act of following or sticking to a plan, instruction, or set of rules.