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If a Good or Service Is Sold in a Competitive

question 185

True/False

If a good or service is sold in a competitive market free of government regulation, then the price of the good or service adjusts to balance supply and demand.


Definitions:

Biological Sex

The classification of human beings, typically as male or female, based on physiological and genetic characteristics.

Gender Role

The set of behaviors associated with widely shared expectations about how males or females are supposed to act.

Gender Identity

One’s identification with, or sense of belonging to, a particular sex—biologically, psychologically, and socially.

Heterosexuality

A sexual orientation characterized by a romantic or sexual attraction between individuals of the opposite sex.

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