Which Statement Is Correct

question 64

Multiple Choice

Which statement is correct?

• A)In a market system, buyers and sellers must be in face-to-face contact with each other.
• B)Prices affect the distribution of goods in a market system but not the allocation of resources.
• C)In a market system, prices serve to ration goods and services to consumers.
• D)The operation of a market system has little, if any, effect on the distribution of income in the economy.

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Definitions:

Addiction

A compulsive, chronic, physiological or psychological need for a substance, activity, or habit that is harmful to the individual.

Dependence

A state of needing something or someone for support, survival, or to function properly.

Delta-9-Tetrahydrocannabinol

The psychoactive compound in cannabis responsible for its mind-altering effects.

THC

Tetrahydrocannabinol, the main psychoactive compound in cannabis that produces the high sensation.