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:

Advocacy Groups

Organizations that seek to influence public policy and resource allocation decisions within political, economic, and social systems and institutions.

Mothers Against Drunk Drivers

A nonprofit organization advocating for the prevention of drunk driving, support for those affected by drunk driving, and stricter alcohol policy.

National Alliance

An organization or coalition formed between groups across the nation, united for a common purpose or cause.

Gray Panthers

An activist organization advocating for social justice, with a focus on fighting ageism and promoting intergenerational cooperation.