Which Statement Is True

question 225

Multiple Choice

Which statement is true?

• A)Our economic system leads to an equitable distribution of income.
• B)One of the basic functions of our government is to transfer some income from the rich and the middle class to the poor.
• C)The price mechanism and the definition of economics are incompatible.
• D)None of the statements are true.

Distinguish between tangible and intangible products.

Grasp the economic issues of supply and demand, including understanding limited resources.

Comprehend the concept of profit as the primary goal of business and its societal implications.

Identify the role and importance of stakeholders in an organization’s success.

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Definitions:

Bodily Arousal

A physiological response to stimuli, characterized by an increase in energy, alertness, and readiness for action.

Deliberate Action

An intentional, conscious behavior directed towards achieving a specific goal.

Neurons

Specialized cells transmitting nerve impulses; the basic building blocks of the nervous system.

Somatic Nervous System

Division of the PNS consisting of nerves that carry information from the senses to the CNS and from the CNS to the voluntary muscles of the body.