In a Market Economy,which of the Following Determines the Answer

question 86

Multiple Choice

In a market economy,which of the following determines the answer to the WHAT to produce question?

• A)Direct negotiations between consumers and government.
• B)Prices and profit.
• C)Government directives.
• D)A democratic vote by all consumers.

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Definitions:

Personal Interview

A face-to-face conversation between a researcher and a respondent aimed at obtaining insights, opinions, or information.

Bias

A preconceived notion or preference that influences judgment or decision-making, often in a way that is considered to be unfair or prejudiced.

Semantic Differential

A scale used in surveys to measure attitudes or reactions to specific objects or concepts, usually ranging from positive to negative.

Fixed-Alternative Questions

Questions used in surveys or polls that offer a set number of specific options for respondents to choose from.