Which Statement Is Correct

question 64

Multiple Choice

Which statement is correct?

• A)In a market system, buyers and sellers must be in face-to-face contact with each other.
• B)Prices affect the distribution of goods in a market system but not the allocation of resources.
• C)In a market system, prices serve to ration goods and services to consumers.
• D)The operation of a market system has little, if any, effect on the distribution of income in the economy.

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Definitions:

Lyme Disease

An infectious disease caused by the bacterium Borrelia burgdorferi, transmitted to humans through the bite of infected black-legged ticks.

Spirochete

A type of bacteria characterized by their spiral shape, implicated in various diseases.

Tick Bite

A bite from a tick, which can transmit diseases such as Lyme disease.

EMLA

A topical cream composed of a mixture of local anesthetics lidocaine and prilocaine used to numb the skin before procedures.