The Problem of Determining How Goods and Services Should Be

question 106

Multiple Choice

The problem of determining how goods and services should be produced exists because:

• A) we do not have enough skilled workers relative to the number of unskilled workers.
• B) we do not have enough unskilled workers relative to the number of skilled workers.
• C) corporations want to avoid changing their methods of production.
• D) most goods can be produced with different combinations of resources.

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Definitions:

Sodium Hydroxide

A highly caustic metallic base and alkali salt, commonly used in industrial processes and as a drain cleaner.

Buffer

A substance in a solution that tends to lessen the change in hydrogen ion concentration (pH) that otherwise would be produced by adding an acid or base.

Hydrogen Bonds

Weak bonds between partially positive hydrogen atoms and partially negative atoms (such as oxygen or nitrogen) in different molecules or within the same molecule.

Atomic Mass

The mass of an atom, typically expressed in atomic mass units (amu), representing the total mass of protons, neutrons, and electrons in the atom.