The Perpetual Problem in Economics Is

question 73

Multiple Choice

The perpetual problem in economics is:

• A) our inability to work together effectively.
• B) our inability to satisfy everyone's wants with the available resources.
• C) a recognition of continual class differences.
• D) our inability to utilize resources efficiently.
• E) likely to be solved in resource-rich countries.

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Definitions:

Lending Decisions

The process financial institutions undertake to evaluate the risk and determine the terms of credit to extend to borrowers.

Social Media

Platforms that enable users to create and share content or participate in social networking, such as Facebook, Twitter, and Instagram.

Skeptical

an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Gambling

The wagering of money or something of value on an event with an uncertain outcome, with the intent of winning additional money or goods.