Which of the Following Statements About Market Economies Is Correct

question 75

Multiple Choice

Which of the following statements about market economies is correct?

• A)In a market economy,no one is looking out for the economic well-being of society as a whole.
• B)Market economies are characterized by decentralized decision making and self-interested decision makers.
• C)Market economies have proven remarkably successful in promoting overall economic well-being.
• D)All of the above are correct.

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Definitions:

Ostracized

describes the act of excluding or ignoring someone from a group or society.

Explorer

An individual who investigates or travels to unfamiliar areas in search of knowledge, adventure, or discoveries.

Tending-And-Befriending

A behavioral response to stress involving seeking social support and nurturing activities to alleviate stress.

Fight-Or-Flight

A physiological response to perceived harmful events, attacks, or threats to survival, instigating an automatic response in the nervous system to either confront the threat or escape.