In Contrast to Bureaucratic Controls, Market Controls Involve the Use

question 36

Multiple Choice

In contrast to bureaucratic controls, market controls involve the use of

• A)rules and regulations.
• B)economic forces.
• C)authority.
• D)autocratic power.
• E)norms.

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Definitions:

Quantity

The amount or number of a material or immaterial good that can be measured or quantified.

Quality

A measure of how good or suitable something is in comparison to similar items or services.

Seigniorage

Seigniorage is the profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs.

Medium Of Exchange

An intermediary instrument, such as money, used to facilitate buying and selling goods and services.