The Two Big Economic Questions

question 67

Multiple Choice

The two big economic questions

• A)summarize the scope of economics.
• B)are "what goods and services are produced?" and "how are goods and services produced?"
• C)have nothing to do with goods and services.
• D)do not consider for whom goods and services are produced.
• E)have nothing to do with the way goods and services are produced.

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Definitions:

Hierarchy of Needs

A psychological theory proposed by Abraham Maslow outlining a five-tier model of human needs, from basic physiological needs to self-actualization.

Short-term Tasks

Activities or projects that are designed to be completed in a relatively short period of time.

Spoken Messages

Information or ideas conveyed through verbal communication, either in person or through media such as telephone or video conferencing.

Listening Habits

Patterns or tendencies in the way people listen to others, which can affect understanding and communication.