One Key Feature of a Market Economy Is Price Flexibility

question 51

True/False

One key feature of a market economy is price flexibility, which allows most prices to rise and fall to reflect the forces of supply and demand.

---

Definitions:

IQ Scores

Quantitative measures of a person's intelligence level, typically obtained through standardized tests.

Academic Success

The achievement of desired educational goals, often measured by grades, test scores, or degree completion.

Vocational Success

Achievement in one's career or occupation, often gauged by financial stability, professional advancement, and personal fulfillment.

Broader Validity

The extent to which research findings generalize or apply across different settings, populations, or times.