For Whom Is a Given Mix of Goods and Services

question 94

Multiple Choice

For whom is a given mix of goods and services to be produced? How, in other words, is the product to be distributed among people when such commodities and services are available? In a market economy, this problem is resolved primarily in the:

• A)public sector through the mechanism of central planning.
• B)business sector through the mechanism of advertising.
• C)private sector through the earning and spending of income.
• D)money market through borrowing and saving by households and businesses.

---

Definitions:

Logrolling

A negotiation strategy where two parties exchange favors or support for each other’s proposals to achieve mutual benefit.

Preferences

Individual likes or choices, often reflecting personal values or desires.

Positive Problem Solving

An approach to conflict resolution that focuses on identifying and addressing the underlying causes of a problem in a constructive manner.

Neutral Terms

Language or wording that is impartial and free from bias or strong emotional connotations.