The Major Virtues of the Market System Include All of the Following

question 112

Multiple Choice

The major virtues of the market system include all of the following, except:

• A) It promotes an efficient allocation of resources
• B) It leads to equality in the distribution of income
• C) It provides incentives for greater production and higher incomes
• D) It emphasizes the freedom to pursue self-interest

---

Definitions:

Intelligence Test Scores

Numerical outcomes derived from assessments designed to measure cognitive abilities, including reasoning, problem-solving, and understanding complex ideas.

Bell-Shaped Pattern

A distribution in statistics that describes how data points are spread across several levels with a peak in the middle; commonly referred to as a normal distribution.

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most observations cluster around the central peak and probabilities for values decrease as they move away from the center.

Brass And Steel

Alloys used in various applications; brass is a combination of copper and zinc, while steel is an alloy of iron with carbon and sometimes other elements.