Under a Market System of Resource Allocation

question 106

Multiple Choice

Under a market system of resource allocation

• A) prices determine what consumers buy while the government determines what firms produce
• B) prices determine what firms produce while the government determines what consumers buy
• C) prices determine both what firms produce and what consumers buy
• D) the government determines both what firms produce and what consumers buy
• E) the government allocates resources while prices allocate goods and services

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Definitions:

Protein-synthesizing Machinery

The cellular components, including ribosomes, tRNA, and mRNA, responsible for the synthesis of proteins.

Base-pair Substitution

A type of genetic mutation where one nucleotide base is replaced by another, leading to changes in the DNA sequence.

Sickle Cell Anemia

A genetic blood disorder characterized by red blood cells that assume an abnormal, rigid, sickle shape, leading to severe pain and potential organ damage.

Frameshift

A type of genetic mutation caused by insertions or deletions of a number of nucleotides in a DNA sequence that is not divisible by three, leading to a shift in the reading frame of the genetic message and resulting in a potentially nonfunctional protein.