A fundamental reality of the market system is that:
A)intentions are rewarded.
B)hard work is rewarded.
C)intelligence is rewarded.
D)scarcity is rewarded.

Question

Quizplus · Accepted Answer

The market system is based on the principle of supply and demand, which creates scarcity of goods and services, and therefore, scarcity becomes rewarded with higher prices and profits. Intentions, hard work, and intelligence may also be rewarded in a market system, but they are not fundamental realities in the same way that scarcity is.

A Fundamental Reality of the Market System Is That