For Whom Is a Given Mix of Goods and Services

question 94

Multiple Choice

For whom is a given mix of goods and services to be produced? How, in other words, is the product to be distributed among people when such commodities and services are available? In a market economy, this problem is resolved primarily in the:

• A)public sector through the mechanism of central planning.
• B)business sector through the mechanism of advertising.
• C)private sector through the earning and spending of income.
• D)money market through borrowing and saving by households and businesses.

---

Definitions:

Beyond Workplace

Issues, dynamics, or practices that extend or impact professional life outside the traditional office or organizational setting.

Self-development

The process of improving oneself through such activities as enhancing skills, increasing consciousness, and building wealth.

Developmental Needs

The requirements necessary for an individual's growth, improvement, or advancement in skills, knowledge, or personal development.

Personal Vision

An individual's clear and inspiring long-term goal or aspiration guiding their decisions and actions.