The Price System Has

question 178

Multiple Choice

The price system has

• A) prices fixed by the government.
• B) prices fixed by the seller.
• C) voluntary exchange.
• D) prices fixed by the producer.

---

Definitions:

Confidentiality

The ethical principle or legal right that a professional will not disclose information shared in trust without the client's consent.

Verbal Expressions

The use of words and language to convey thoughts, ideas, or feelings.

Individualism

The principle or habit of valuing the independence and self-reliance of individuals over collective action or identity.

Efficiency

The ability to accomplish a task or job with the minimum expenditure of time and effort.