One of the Four Basic Tasks Any Economic System Must

question 57

Multiple Choice

One of the four basic tasks any economic system must perform is

• A) measuring the size of its production possibilities curve.
• B) conducting a population census.
• C) eliminating free resources.
• D) classifying economic resources.
• E) determining the kinds of goods to be produced and the amount of each.

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Definitions:

Missing Fingers

The condition of being without one or more fingers, which can result from an accident, medical condition, or congenital anomaly.

System Variables

Elements within a system that can change and affect the system's operation.

Estimator Variables

Characteristics of an eyewitness or the conditions under which observational evidence is obtained, affecting the accuracy of memory and testimony.

Correct Rejection

The accurate identification that a non-target stimulus is not present during a recognition task.