Which Statement Best Describes the Result of Competition Among Businesses

question 99

Multiple Choice

Which statement best describes the result of competition among businesses?

• A) It ensures that everyone is a winner.
• B) It drives higher quality and lower prices in capitalism.
• C) It is a primary feature of a communist economic system.
• D) It is consistent with the goals of socialism.

---

Definitions:

Canadian Dollars

The currency of Canada, represented by the symbol CAD, and used throughout the country for financial transactions.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

Appreciate

The increase in value of an asset over time.

Canadian Dollar

The official currency of Canada, symbolized as CAD and often referred to as the "loonie."