Which of the Following Is a Benefit of the Price

question 25

Multiple Choice

Which of the following is a benefit of the price system?

• A) the existence of positive externalities
• B) the production of public goods
• C) Consumers have what they want since politicians and business managers decide what is to be produced.
• D) the freedom of consumers to decide what they want to purchase

---

Definitions:

Hydroxylate Vitamin D

The process of adding a hydroxyl group to vitamin D, an essential step in converting vitamin D into its active form in the body.

Convert Ammonia

The biochemical process of transforming ammonia into urea or other safe compounds for excretion, primarily occurring in the liver.

Disaccharides

Carbohydrates composed of two monosaccharides joined together, such as lactose, sucrose, and maltose, important in nutrition and metabolism.

Bile Secretion

The process by which the liver produces bile, a substance that helps digest fats.