Which of the Following Is an Advantage of a Market

question 125

Multiple Choice

Which of the following is an advantage of a market economy?

• A)Any individual who has an innovative idea is free to try to make money out of that idea by starting a business.
• B)The state owns all means of production.
• C)Commercialization of innovative products is prevented.
• D)It is the state,rather than the individual,that captures most of the gains.

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Definitions:

Formal Operational Reasoning

A stage in Piaget's theory of cognitive development where individuals are able to think abstractly and logically.

Selective Attention

The cognitive process of focusing on certain information while ignoring other stimuli.

Abstract Thought

The ability to think about objects, principles, and ideas that are not physically present.

Logical Thought

A form of reasoning and understanding that is based on strict principles of validity.