In Its Most Ideal Form, a Price System Allows

question 132

Multiple Choice

In its most ideal form, a price system allows

• A) firms to act in such a way that they eliminate scarcity.
• B) consumers to satisfy all their wants.
• C) resources to move from lower-valued uses to higher-valued uses through voluntary exchange.
• D) government policy makers to allocate resources to the uses which they consider to be in the best interests of society.

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Definitions:

Forced Assimilation

The process where individuals or groups are compelled to abandon their own culture, language, or identity to conform to those of a dominating or majority culture.

Dawes Act

Law passed in 1887 meant to encourage adoption of white norms among Indians; broke up tribal holdings into small farms for Indian families, with the remainder sold to white purchasers.

Popular Front

A period during the mid-1930s when the Communist Party sought to ally itself with socialists and New Dealers in movements for social change, urging reform of the capitalist system rather than revolution.

Communist Party

A political party that advocates for the principles of communism, aiming to establish a classless society based on common ownership of the means of production and the absence of social classes, money, and the state.