The Decision About What Goods and Services Will Be Produced

question 84

Multiple Choice

The decision about what goods and services will be produced in a market economy is made by:

• A)lawmakers in the government voting on what will be produced.
• B)workers deciding to produce only what the boss says must be produced.
• C)producers deciding what society wants most.
• D)consumers and firms choosing which goods and services to buy or produce.

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Definitions:

Exploitative Capitalist System

An economic system criticized for exploiting workers and prioritizing profits over the well-being of individuals.

Deviance

Involves actions or behaviors that violate societal norms and expectations, leading to social judgment.

Legal Reality Theory

A perspective in legal and criminal studies that focuses on the social context and implications of law, emphasizing how law is applied in real-world situations.

Law In Action

The practical application and enforcement of laws in real-world scenarios, as opposed to theoretical or written statutes.