The Economizing Problem for Individuals Is a Consequence of the Fact

question 87

Multiple Choice

The economizing problem for individuals is a consequence of the fact that

• A) economic means or incomes are greater than economic wants.
• B) economic wants are greater than economic means or incomes.
• C) positive economics is more important than normative economics.
• D) normative economics is more important than positive economics.

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Definitions:

Follower

An individual who supports and is guided by a leader or is part of a specific group or movement.

Norm Of Reciprocity

A social principle that suggests individuals respond to others in a manner that mirrors how they were treated.

Indebted

refers to the state of owing something, typically money, to another person or entity, resulting in a financial obligation.

Followership

Is defined as the behaviors of individuals acting in relation to leaders.