A Market System Sends Signals to Consumers Regarding What to Produce

question 16

True/False

A market system sends signals to consumers regarding what to produce and what to consume.

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Definitions:

U.S. Constitution

The supreme law of the United States, establishing the framework of the national government and the rights of the citizens.

Bill Of Rights

First ten amendments to the U.S. Constitution, adopted in 1791 to guarantee individual rights against infringement by the federal government.

Black Codes

Laws passed from 1865 to 1866 in southern states to restrict the rights of former slaves; to nullify the codes, Congress passed the Civil Rights Act of 1866 and the Fourteenth Amendment.

Vagrancy Charges

Legal accusations against individuals for being homeless or wandering without visible means of support, often used historically to control or penalize the unemployed and homeless.