Having Control Over Your Own Lives,including Where We Work and Whom

question 22

Multiple Choice

Having control over your own lives,including where we work and whom we work for can be known as?

• A)Making our own lunch
• B)Picking our path
• C)Deciding our future
• D)Choosing our destiny

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Definitions:

Consumer Goods

Goods purchased and used by consumers rather than manufacturers for producing other goods.

Wealth Of Nations

A seminal work by Adam Smith published in 1776, which is considered the foundation of modern economic theory, focusing on the factors that promote prosperity and growth in nations.

Adam Smith

An 18th-century Scottish economist and philosopher known as the father of modern economics and author of "The Wealth of Nations."

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by taking the alternative action.