The Central Question in Economics Is How To

question 19

Multiple Choice

The central question in economics is how to:

• A) deal with the problem of scarcity.
• B) change government economic policy.
• C) change people's wants to match their needs.
• D) manage money and become wealthy.

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Definitions:

Natural Selection

A cornerstone of evolutionary theory that explains how traits that enhance survival and reproduction become more common in successive generations of a population.

Social Psychologists

Researchers who specialize in understanding how individual thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Election Promises

Commitments or pledges made by politicians or political parties to the public about actions they plan to take if they are elected into office.

Tradeoffs

The exchange of one benefit for another, often as a result of compromise or balancing factors.