In a Market System, the Distribution of Goods and Services

question 155

Multiple Choice

In a market system, the distribution of goods and services among consumers is largely determined by

• A)the willingness and ability of consumers to pay the prices.
• B)whoever needs the goods and services the most.
• C)whoever has the closest connection to firms and the government.
• D)a random factor that is almost impossible to predict.

---

Definitions:

Increase of Fear

A situation where the level of anxiety, worry, or dread in a population or individual grows significantly, often in response to real or perceived threats.

Second Bank of the United States

A federal institution that operated from 1816 to 1836, aimed at stabilizing and improving the national economy but faced opposition, leading to its closure.

Dred Scott Decision

A landmark 1857 U.S. Supreme Court case that ruled African Americans, whether enslaved or free, could not be American citizens and had no rights to sue in federal court.

Slavery Expansion

The broadening of territories and jurisdictions where slavery was legal, particularly seen in the 19th-century United States.