The Three Fundamental Economic Questions of What, How, and for Whom

question 4

Multiple Choice

The three fundamental economic questions of what, how, and for whom:

• A) exist because of scarcity.
• B) are much more serious in a socialist system.
• C) are not serious in a capitalistic system.
• D) are not relevant in the industrialized world of today.

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Definitions:

Entropy

A measure of disorder or randomness in a system, often associated with the second law of thermodynamics, indicating the degree of dispersion of energy.

Hypertrophy

The enlargement of an organ or tissue from the increase in size of its cells, often related to physical exercise.

Flexible Line

This suggests an approach or method that is adaptable and can be adjusted according to different situations or requirements.

Lines of Resistance

In nursing theory, defensive mechanisms or strategies used by individuals or systems to protect against stressors or threats to integrity.