Which of the Following Is a Key Difference Between the Economic

question 155

Multiple Choice

Which of the following is a key difference between the economic activities of government and those of private firms?

• A) Private firms face the constraint of scarcity; government does not.
• B) Government focuses primarily on equity; private firms focus only on efficiency.
• C) Private economic activities create externalities; government activities do not.
• D) Government has the legal right to force people to do things; private firms do not.

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Definitions:

Bulimia Nervosa

An eating disorder characterized by habitually engaging in out-of-control overeating followed by unhealthy compensatory efforts, such as self-induced vomiting, fasting, abuse of laxatives and diuretics, and excessive exercise.

Self-induced Vomiting

The act of voluntarily causing oneself to vomit, often as a symptom of eating disorders like bulimia nervosa.

Compensatory Efforts

Actions taken to make up for or overcome deficiencies, disadvantages, or errors, often aiming to achieve a state of balance or equity.

Anorexia Nervosa

An eating disorder characterized by intense fear of gaining weight, disturbed body image, refusal to maintain normal weight, and use of dangerous measures to lose weight.