Which of the Following Best Describes Reasoning

question 67

Multiple Choice

Which of the following best describes reasoning?

• A) finding a way around an obstacle to reach a goal
• B) selecting the best option among a set of alternatives
• C) choosing between general information and specific information
• D) using information to determine if a conclusion is valid or reasonable

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Definitions:

Economize

The act of reducing expenditure or conserving resources to achieve efficiency in the allocation of resources.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world with limited resources, leading to the necessity of choice.

Economic Problem

The fundamental issue of having limited resources to meet unlimited wants and needs, requiring choices and priorities in allocation.

Available Resources

The total assets, both natural and man-made, that can be utilized to produce goods and services.