Which Is a Major Feature of the Market System

question 72

Multiple Choice

Which is a major feature of the market system?

• A)price floors and price ceilings in all markets
• B)reallocation of all resources from private to public uses
• C)the right to own private property and control resource use
• D)central planning by government to provide goods and services

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Definitions:

Skeptical Audience

A group of individuals who have doubts or questions about the credibility or truth of the information presented to them.

Writing Style

The manner in which a writer expresses their thoughts in writing, characterized by choice of words, tone, and syntax.

Audience Composition

The demographics or characteristics (like age, gender, income level) of the people who are intended to receive a message or view a presentation.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the creation of gadgets, equipment, and software.