Which Statement Is a Key Idea in Economic Thinking

question 67

Multiple Choice

Which statement is a key idea in economic thinking?

• A) Scarcity exists for the poor but not for the rich.
• B) Incentives matter.
• C) The value of a good can be objectively measured and is the same for everyone.
• D) All of these are key ideas in economic thinking.

---

Definitions:

Crisis Assessment

A process of evaluating the severity and nature of a crisis to determine the appropriate level of intervention needed.

Job Termination

The formal end of an employee's position within a company or organization, which can be initiated by either the employer or the employee for various reasons.

Crisis Clinic

A crisis clinic provides immediate, emergency psychological care to individuals experiencing acute mental health issues, offering a range of support services.

Initial Comment

The first response or observation made by a healthcare professional or individual, often setting the stage for further discussion or analysis.