A Situation in Which a Market Economy Leads to Too

question 28

Multiple Choice

A situation in which a market economy leads to too few or too many resources going to a particular economic activity is known as

• A) competition.
• B) excessive competition.
• C) destructive competition.
• D) a market failure.

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Definitions:

Intimate

Characterized by a close, personal, and private relationship or interaction between individuals.

Social

Relating to society or its organization, emphasizing the interaction and relationships of individuals within a community.

Nonverbal Behavior

Communication expressed through body movements, facial expressions, gestures, and posture, rather than words.

Intentions

Plans or aims that one intends to carry out.