Which of the Following Is Correct About the Economic Decisions

question 114

Multiple Choice

Which of the following is correct about the economic decisions consumers,firms,and the government have to make?

• A)Governments may face the problem of shortages but not scarcity in making economic decisions.
• B)Only individuals face scarcity; firms and the government do not.
• C)Firms and the government face scarcity,individuals only face shortages.
• D)Each faces the problem of scarcity which necessitates trade-offs in making economic decisions.

---

Definitions:

Positive Discipline

A method of teaching and guiding individuals, particularly children, which focuses on positive points of behavior rather than punishment.

Work-Life Balance

The equilibrium between professional duties and personal life, ensuring neither side negates the importance or fulfillment of the other.

Single Parents

Individuals who are raising a child or children without the presence or involvement of the other parent.

Dual-Career Couples

Partners or spouses who both pursue their own careers, often facing challenges in coordinating work-life balance, relocation, and family responsibilities.