A Significant Feature of the Price System in a Market

question 12

Multiple Choice

A significant feature of the price system in a market economy is that the architecture:

• A)is created spontaneously.
• B)is created by the government.
• C)promotes skewed distribution of wealth.
• D)promotes a system of controls on the employees of an organization.

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Definitions:

Low Socioeconomic Status

A term that describes individuals or groups who have limited access to financial, educational, and social resources.

Occupational Influence

The impact that one's job or career choice has on their lifestyle, personality, and personal choices.

Male-Dominated

Refers to fields, industries, or environments where men significantly outnumber women or hold most positions of power and influence.

STEM Field

Refers to disciplines in Science, Technology, Engineering, and Mathematics, areas that are critical to innovation and technological advancements.