The Distribution of Income Primarily Determines Which of the Fundamental

question 99

Multiple Choice

The distribution of income primarily determines which of the fundamental economic questions?

• A)What goods and services are to be produced?
• B)How the goods and services are to be produced?
• C)Who will receive the goods and services produced?
• D)How to plan the economy?

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Definitions:

Social Responsibility

The obligation of a business to have a positive effect on society on four levels—economic, legal, ethical, and philanthropic.

Business's Obligation

The responsibilities and commitments a business has, including legal, financial, and ethical duties to its stakeholders.

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of belonging or community spirit.

Control Systems

The means to monitor input, transformation, and output so as to identify problems.