A Difference Between the Market and the Public Sector Is

question 88

Multiple Choice

A difference between the market and the public sector is that

• A) competition exists only in the market sector.
• B) resources are only scarce for the market sector.
• C) decision making is by majority rule in the public sector but not in the market sector.
• D) only the public sector produces private goods.

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Definitions:

Gastrulation

A phase early in embryonic development during which the single-layered blastula reorganizes into a multilayered structure, forming the embryonic germ layers.

Blastulation

An early stage in embryonic development that results in the formation of a blastula, a sphere of cells surrounding a fluid-filled cavity.

Gray Crescent

An area that appears on the surface of amphibian eggs following fertilization, indicating where the dorsal side of the embryo will develop.

Cleavage

The series of cell divisions of a fertilized egg that leads to the formation of the embryo.