Whether Studying the Output of the U

question 142

Multiple Choice

Whether studying the output of the U.S.economy or how many classes a student will take, an unifying concept is that:

• A)wants are limited and resources are unlimited, so trade­offs are unnecessary.
• B)wants are unlimited and resources are scarce, so trade­offs have to be made.
• C)wants are limited and resources are unlimited, so trade­offs have to be made.
• D)both wants and resources are unlimiteD.The Scarcity Principle states that although we have boundless needs and wants, the resources available to us are limited.So having more of one thing means having less of another.

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Definitions:

Constructive Stress

A form of stress that is perceived as manageable and motivating, encouraging personal growth and achievement.

Stimulate Creativity

The act of encouraging new and innovative ideas or ways of thinking, often by creating an environment that fosters curiosity, openness, and risk-taking.

Increase Effort

The act of exerting more energy or working harder to achieve a higher level of performance or productivity.

Personal Factors

Individual attributes such as personality, age, personal beliefs, and life experiences that influence behavior and decisions.