The basic objective of the U.S. market-directed economic system is to:
A) minimize inflation.
B) satisfy consumer needs as they-the consumers-see them.
C) provide each person with an equal share of the economic output.
D) achieve an annual growth rate of at least 10 percent.
E) make the most efficient use of the country's resources.

Question

Quizplus · Accepted Answer

The U.S. market-directed economic system is based on the principles of capitalism, which prioritize consumer sovereignty and the satisfaction of consumer needs. The system is designed to allocate resources efficiently based on supply and demand, which in turn helps to increase economic output and promote economic growth. While minimizing inflation and achieving a high growth rate are important goals, they are not the primary objective of the market system. Similarly, providing each person with an equal share of economic output goes against the principles of capitalism and the market-directed economic system.

The Basic Objective of the U