Which of the Following Is Not an Economic Issue

question 138

Multiple Choice

Which of the following is not an economic issue?

• A)Why is college tuition so high?
• B)Why has health-care spending increased faster than the rest of the economy?
• C)How can one earn $1 million without doing anything?
• D)How can one reduce the currently high levels of unemployment in Europe?
• E)Why are there so many brands of bottled water?

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Definitions:

Relative Values

A measure of the worth or importance of one thing in comparison to another, often used in economics to compare the value of different commodities or services.

Barter System

The barter system is a method of exchange where goods or services are traded directly for other goods or services without the use of currency.

Services

Intangible products such as banking, cleaning, and consulting, which are consumed at the time they are produced.

Specialization Of Labor

A process where individuals or groups focus on performing specific tasks or roles to increase efficiency and output.