The Decision About What Goods and Services Will Be Produced

question 84

Multiple Choice

The decision about what goods and services will be produced in a market economy is made by:

• A)lawmakers in the government voting on what will be produced.
• B)workers deciding to produce only what the boss says must be produced.
• C)producers deciding what society wants most.
• D)consumers and firms choosing which goods and services to buy or produce.

Know how to expand a simple sentence to add information.

Distinguish between sentence types and their structures.

Understand how to organize and present information effectively in documents.

Identify effective strategies for writing for mobile devices.

---

Definitions:

Product Liability

Legal responsibility held by the manufacturer or seller of a product for injuries caused by defects or malfunctions of the product.

Negligence

The lack of due diligence that a reasonable person would demonstrate under comparable conditions, leading to injury or damage.

Manufacturer Prevail

This term is not standard, but it could refer to situations where a manufacturer's preferences or decisions override those of other parties in business contexts.

Unreasonably Dangerous

A legal standard for products or activities that present a high risk of harm, beyond what an ordinary consumer would reasonably expect.