Which of the Following Statements Is (Are) True

question 6

Multiple Choice

Which of the following statements is (are) true?

• A) A system of property rights forms the basis for all market exchange.
• B) A system of property rights is essential to an efficient allocation of resources.
• C) Property rights must exist if market exchange is to occur.
• D) All of the above are true.

---

Definitions:

Beverage Industry

A sector that specifically focuses on the production and distribution of drinks, including both alcoholic and non-alcoholic beverages.

Recession

A period of time during which overall gross domestic product (GDP) declines for two or more consecutive quarters.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.

Environmental Scanning

The process of collecting, analyzing, and using information about trends, events, and relationships in an organization's external environment to assist in planning.