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.

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Definitions:

Median

The middle value in a set of ordered data, dividing the dataset into two equal halves.

Set of Data

A collection of data points or elements that have been systematically gathered for analysis or observation.

Mode

In a series of data, the value that shows up the most.

Letter Grades

Symbols used in educational systems to represent the quality of a student's performance.