The Problem of Determining What Goods and Services Society Should

question 42

Multiple Choice

The problem of determining what goods and services society should produce:

• A) exists because we can produce more than we need or want.
• B) exists because there are not enough resources to provide all the goods and services that people want to purchase.
• C) would not exist if all goods and services were scarce.
• D) would not exist if government owned all of the resources.

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Definitions:

Host Countries

Nations that host businesses, organizations, or individuals from other countries, often relating to international firms or workers.

Unemployment

The condition in which a percentage of the population wants to work but is unable to find jobs.