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:

Cochlea

A spiral-shaped cavity of the inner ear that plays a key role in the sense of hearing, converting sound vibrations into nerve impulses.

Malleus

A small bone in the middle ear that transmits sound vibrations from the eardrum to the incus.

Stapes

The smallest bone in the human body, located in the middle ear, and is involved in transmitting sound vibrations to the inner ear.

Incus

Also known as the anvil, it is one of the three small bones in the middle ear that helps to transmit sound vibrations from the eardrum to the inner ear.