Which of the Following Statements About Economic Systems Is NOT

question 378

Multiple Choice

Which of the following statements about economic systems is NOT true?

• A) Government has less of a role in market-directed economies than in command economies.
• B) A market-directed economy self-adjusts through producer and consumer choices.
• C) Producers always make a profit in a market-directed system.
• D) A command economy is more likely to work if the variety of goods and services is small.
• E) Both market-directed and command economies need a macro-marketing system.

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Definitions:

Quantity of Work

The amount of work produced or completed within a certain timeframe.

Quality of Work

Quality of work refers to the degree to which a job or task is performed with excellence, accuracy, and thoroughness.

Benevolents

Individuals who are inclined to perform acts of kindness or charity.

Perceived Inequity

The belief that one is receiving less than they are giving or less than they deserve compared to others, often causing dissatisfaction.