What Is the Reason That All Economic Issues and Problems

question 282

Multiple Choice

What is the reason that all economic issues and problems occur?

• A) All nations use some form of money to buy and sell goods and services.
• B) Humans are always wasteful and inefficient in production and consumption.
• C) Powerful governments are able to control production and consumption.
• D) Human wants exceed the resources available to satisfy them.
• E) People seek only their own self-interest.

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Definitions:

Blau and Duncan

Sociologists who developed the Blau-Duncan model, which outlines the structural factors influencing occupational mobility and stratification in society.

Subsequent Research

Investigations or studies conducted after a preliminary study, to further explore a subject or hypothesis.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the proportion of individuals or households with income levels insufficient to meet basic needs.

Consensus Crimes

Illegal acts that nearly all people agree are bad and harm society greatly. The state inflicts severe punishment for consensus crimes.