Which of the Following Is NOT One of the Five

question 27

Multiple Choice

Which of the following is NOT one of the five elements needed to support a well-functioning market system?

• A) holding the exchange rate fixed
• B) achieving a relatively stable macroeconomic environment
• C) allowing relative prices to reflect relative scarcities
• D) establishing competition

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Definitions:

Remediation

The process of improving a deficiency or correcting a negative condition, often used in educational and environmental contexts.

Psychodiagnosis

Refers to the process of diagnosing psychological conditions and disorders.

Abnormal Behavior

Actions or behaviors that deviate from societal norms or expectations, often associated with psychological disorders.

Eugenics

A controversial science aiming to improve the genetic composition of the human population through selective breeding.