All Economic Questions Are About

question 42

Multiple Choice

All economic questions are about

• A) how to make money.
• B) what to produce.
• C) how to cope with scarcity.
• D) how to satisfy all our wants.

---

Definitions:

Norms

Shared beliefs or standards of acceptable behavior within a group or society.

Worst-case Scenario

The most severe or unfavorable outcome that may happen in a given situation.

Performance Norms

Standards and expectations set within a group or organization that dictate the level of performance and behavior of its members.

Cohesiveness

The degree to which members of a group or team are united and motivated to achieve common goals.