The Price System

question 26

Multiple Choice

The price system

• A)is the voluntary exchange system used in the United States.
• B)is old fashioned and is no longer used.
• C)is used only in countries that are developing.
• D)is used to set resource prices only.

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Definitions:

Job Offer

A proposal by an employer to a prospective employee to begin employment in a specific position under agreed-upon terms.

Evolutionary Senses

The senses developed through the process of evolution to help organisms adapt to their environment and survive.

Action-Motivating

Capable of encouraging or prompting individuals to take action or make decisions.

Depression Rates

The proportion of a population diagnosed with or exhibiting symptoms of depression within a given timeframe.