A Market-Directed Economy

question 19

Multiple Choice

A market-directed economy

• A) ensures that voters and politicians agree which problem has to be solved first.
• B) concentrates solely on profit generation.
• C) guarantees that government aid programs are effective.
• D) spreads income evenly among the population.
• E) makes efficient use of resources.

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Definitions:

Competition

The rivalry between businesses or individuals for resources, market share, or superiority in a particular field.

Power Avoidance

A cultural value indicating a society's tolerance for unequal distribution of power, and its members' behavioral response to minimize or avoid such inequalities.

Ambiguity

Ambiguity is the quality of being open to more than one interpretation, lacking clarity, and leading to uncertainty or confusion.

Unpredictability

The extent to which events or behaviors cannot be anticipated due to a lack of consistent patterns or information.