Market Economics Is Rooted in the Belief That ________

question 38

Multiple Choice

Market economics is rooted in the belief that ________.

• A) group concerns should be placed above individual concerns
• B) individual concerns should be placed above group concerns
• C) neither individual or group concerns are important
• D) totalitarianism enhances a country's economic well-being

---

Definitions:

Interest

A monetary charge for the concession to borrow currency, habitually framed as an annual percentage figure.

Television

An electronic system of transmitting transient images of fixed or moving objects together with sound over a wire or through space by apparatus that converts light and sound into electrical waves and reconverts them into visible light rays and audible sound.

Savings

Money set aside for future use, typically in accounts that earn interest.

Interest Annually

The total interest that accrues over the course of a year, either on investments or loans.