In Most Societies, Resources Are Allocated by

question 77

Multiple Choice

In most societies, resources are allocated by

• A)a single central planner.
• B)a small number of central planners.
• C)those firms that use resources to provide goods and services.
• D)the combined actions of millions of households and firms.

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Definitions:

Polarized

Divided into two sharply contrasting groups or sets of opinions or beliefs.

All-Or-Nothing Principle

The principle that once the electrical impulse reaches a certain level of intensity (its threshold), it fires and moves all the way down the axon without losing any intensity.

Electrical Impulse

A sudden surge of energy in one direction, particularly in the context of neurons firing and transmitting information in the body.

Axon

A long, slender projection of a neuron that typically conducts electrical impulses away from the neuron's cell body.