The Economizing Problem Is

question 37

Multiple Choice

The economizing problem is

• A)the need to make choices because economic wants exceed economic means.
• B)how to distribute resources equally among all members of society.
• C)that people's means often exceed their wants.
• D)that people do not know how to rationally allocate resources.

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Definitions:

Strength

In statistics, often refers to the magnitude of a relationship between two variables.

Direction

The course along which someone or something moves, or is aimed or pointed, often described as vectors in mathematical contexts.

Nonlinear

Not linear; indicating a relationship in which the change in outcome does not correspond to a constant change in the independent variable.

Temperature

A measure of the degree of internal heat of an object or environment, commonly measured in degrees Celsius, Fahrenheit, or Kelvin.