What Is the Central Concern of Economics

question 39

Multiple Choice

What is the central concern of economics?

• A) how to regulate the supply of money
• B) how to reduce the wants of individuals, businesses, and government
• C) how to find more resources to satisfy everyone's wants
• D) how to make the best use of scarce resources to satisfy our unlimited wants

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Definitions:

Judgment Creditors

Individuals or entities awarded a monetary judgment against a debtor in court.

Life Estate

A legal arrangement whereby a person (life tenant) has the right to use, occupy, and benefit from a property during their lifetime, but cannot sell it, and upon their death, it passes to a remainderman.

Strip-Mine

Strip-mining is an extractive mining technique used for surface mineral extraction, where layers of soil and rock are removed to access buried mineral or coal deposits.

License

A legal permission granted by an authority to engage in a particular activity or to use a particular property not owned by the license holder.