The Idea That in a Market System the Consumer Determines

question 4

Multiple Choice

The idea that in a market system the consumer determines what is to be produced is called:

• A)consumer monopoly.
• B)habeas corpus.
• C)consumer sovereignty.
• D)business sovereignty.
• E)caveat emptor.

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Definitions:

Alive

In computing, often refers to a process or entity that is currently active or running.

Local Static Variables

Variables defined within a function that maintain their value between function calls and are initialized only once.

Existence

The fact or state of living or having objective reality.

Initialization

The process of assigning an initial value to a variable at the time of its creation.