Which Statement Is Correct

question 97

Multiple Choice

Which statement is correct?

• A) The operation of a market system eventually results in an equal distribution of income.
• B) Producers are "kings" in a market economy because they determine what is produced.
• C) The market system is efficient at allocation of resources but not in getting consumer goods to their most valued uses.
• D) Freedom of choice and enterprise are essential elements of the market system.

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Definitions:

Personality Characteristics

Traits or qualities that form an individual's distinctive character and behavior patterns.

Intrapersonal Processes

The internal operations within an individual, including cognitive and affective processes, that influence their behavior and experiences.

Consistent Behavior Patterns

The regular, predictable actions and responses that define an individual's behavior over time.

Personality Psychologists

Psychologists who study individual differences in characteristic patterns of thinking, feeling, and behaving.