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.

Recognize the requirements for due diligence in the process of issuing securities.

Identify the roles and responsibilities of insiders and the implications of insider information under the Securities Exchange Act of 1934.

Comprehend the role of the SEC in regulating and enforcing securities laws, and the consequences of non-compliance.

Understand the role and types of mutations in genetic variation and evolution.

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Definitions:

World Bank

A global economic institution that provides funding and grants to the governments of less developed countries for the purpose of capital project completion.

Technical Assistance

Support provided, usually to developing countries or firms, in the form of expertise or knowledge transfer to foster growth or solve specific problems.

Microfinance

The provision of small loans and other financial services to low-income entrepreneurs and small-business owners in developing countries.

Microcredit

Small loans given to entrepreneurs in developing countries as a way to foster economic development and alleviate poverty.