Which of the Following Is NOT Associated with the Market

question 63

Multiple Choice

Which of the following is NOT associated with the market principle?

• A) the profit motive
• B) the law of supply and demand
• C) impersonal economic relations
• D) industrialism
• E) kin-based generalized reciprocity

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Definitions:

Consumer Price Index (CPI)

Measurement of the monthly average change in prices of goods and services.

Energy And Food Prices

The costs associated with obtaining and consuming energy resources and food commodities, which can significantly impact economic conditions and living standards.

Economic Depression

A prolonged period of significant decline in economic activity across an economy, characterized by high unemployment rates, low output, and a contraction in spending and investment.