For a market system, which best answers the question, "what goods and services will be produced? " a) any good for which consumers are willing to pay a high enough price b) only those goods whose long-term profits are greater than average profits c) any good whose production is characterized by the lowest cost of technology d) any good that returns its producers sufficient revenue to cover its total costs

Any good that returns its producers sufficient revenue to cover its total costs

D) Any good that returns its producers sufficient revenue to cover its total costs

As in a market system the consumer has the freedom to decide what he is going to buy, the producers are left with only the desicion of what to produce, in this case we could say producers will only do things that wont make them loose money.

experiments.

surveys.

questionnaires.

interviews.

case studies.

participant and non-participant observation.

observational trials.

studies using the delphi method.

dear friend:

  i hope this letter finds you in soaring spirits and vibrant health. as you had expressed the wish to know about culture, traditions, and unity of india in your previous letter, in the following lines i have tried my best to give you glimpses of our culture, traditions, and unity. you will be amazed to know that our culture is the oldest culture in the world and the birth place of hinduism, buddhism, jainism, and sikhism. you won’t find any other culture as varied and multi-colored, multi-lingual as ours. each region has its own unique culture, traditions, language. there are 22 official languages in india.

  basically, india is a spiritual country with orthodox traditions. for example the people of india believe in traditions set by their wise forefathers. arranged marriages, joint-family system, universal brotherhood, vegetarianism, celebrating festivals such as diwali, holi, eid, etc., are the salient features of our culture and traditions.

  another unique aspect about our country is ‘unity in diversity’. in spite of the multi-lingual, multi-religious, multi-traditional, multi-cultural society, people live peacefully together, respecting one another’s views, cultures, traditions, and differences. i am sure you would love to visit india soon, and have a first-hand experience of the multi-colored culture. give regards to uncle and aunt. do visit india with your family and experience our hospitality.

your friend,