Identify the Incorrect Statement About Market-Directed Economies

question 320

Multiple Choice

Identify the incorrect statement about market-directed economies.

• A) A market-directed economy adjusts itself.
• B) The American economy is completely market-directed.
• C) Consumers in a market-directed economy decide what is to be produced and by whom-through their dollar "votes."
• D) Consumers in a market-directed economy enjoy great freedom of choice.

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Definitions:

Walter Lippmann

An influential American writer, reporter, and political commentator known for his works on media and democracy, including the book "Public Opinion" (1922).

Ideological Crusade

A vigorous, passionate, and often lengthy campaign for a specific belief system or ideology, typically involving considerable zeal and effort to persuade or impose such beliefs on others.

Universal Declaration

Refers to the Universal Declaration of Human Rights adopted by the United Nations General Assembly in 1948, outlining fundamental human rights to be universally protected.

Human Rights

Fundamental rights and freedoms that all individuals are entitled to, regardless of nationality, sex, ethnicity, religion, or any other status.