In a Market System,consumer Demands Dictate _____ and the Search

question 82

Multiple Choice

In a market system,consumer demands dictate _____ and the search for profit defines _____.

• A)for whom goods and services are produced; how goods and services are produced
• B)what is produced; for whom goods and services are produced
• C)where goods and services are produced; for whom goods and services are produced
• D)what is produced; where goods and services are produced
• E)what is produced; how goods and services are produced

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Definitions:

Universalization Test

The ethical guideline that urges us to consider, before we act, what the world would be like if everyone acted in this way.

Ethical Guidelines

Standards of behavior and professional conduct expected within a specific field or profession.

Stakeholder

An individual or group with an interest or concern in the success of an organization, project, or outcome.

Community

A group of people living in the same place or having a particular characteristic in common, or the sense of fellowship arising from shared beliefs, interests, or goals.