In a market system, consumers exercise consumer sovereignty, which is crucial in determining the types and quantities of goods produced.

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In a market system, consumers exercise consumer sovereignty, which is crucial in determining the types and quantities of goods produced.

BlackTom题目解析

BlackTom AI · Accepted Answer

The question presents a statement about consumer sovereignty in a market system and asks whether it is true or false.
Option 1: 'False' - This claim would be incorrect because consumer sovereignty is a foundational concept in many market models. It posits that buyers effectively determine which goods and services are produced through their spending choices. If the statement says it does not determine types and quantities, it misrepresents the mechanism by which markets allocate resources, implying producers or governments have sole control.
Option 2: 'True' - This aligns with the core idea of consumer sovereignty: consumers influence what gets produced through demand signals, purchasing power, and preferences. In a competitive market, producers respond to these signals to decide which goods and how many to supply, thus shaping the goods mix and output quantities. The notion embodies how consumer preferences guide resource allocation in a market economy.
In sum, the reasoning behind the 'True' assessment rests on understanding that consumer demand translates into market incentives for producers, guiding both product types and production levels, whereas denying this link would contradict standard economic theory of market-driven allocation.

In a market system, consumers exercise consumer sovereignty, which is crucial in determining the types and quantities of goods produced. BlackTom题目解析

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