In a Market Economy, the Distribution of Output Will Be

question 254

Multiple Choice

In a market economy, the distribution of output will be determined primarily by

• A) consumer needs and preferences.
• B) the quantities and prices of the resources that households supply.
• C) government regulations that provide a minimum income for all.
• D) a social consensus as to which distribution of income is most equitable.

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Definitions:

Serving Size

The standardized amount of food that helps inform nutritional content, often used in dietary guidelines and food labeling.

BMI

Body Mass Index, a measure used to classify individuals based on their body weight adjusted for their height, indicating whether they have a healthy weight, underweight, overweight, or obesity.

Obese

A medical condition characterized by excessive body fat that presents a risk to health, often defined as a Body Mass Index (BMI) of 30 or higher.

Very Slender

Describes an object or person that is notably thin or fine in width or build.