Which of the Following Statements About a Market-Directed Economic System

question 343

Multiple Choice

Which of the following statements about a market-directed economic system is True?

• A) Consumers enjoy substantial freedom of choice.
• B) Profit, growth and survival are guaranteed.
• C) Government has no role.
• D) There is very little interaction between producers and consumers.

---

Definitions:

Shopping Product

Consumer goods that are usually more expensive and bought less frequently, where buyers spend time comparing quality, price, and style across different sellers.

College Student

An individual enrolled in an institution of higher education to pursue a degree or certification.

Breadth

Number of product lines offered by a firm; also known as variety.

Athletic Gear

Sport-specific equipment and clothing designed to enhance performance, safety, and comfort during physical activities.