The Three Fundamental Questions That Any Economy Must Address Are

question 216

Multiple Choice

The three fundamental questions that any economy must address are:

• A)What will be the prices of goods and services; how will these goods and services be produced; and who will receive them?
• B)What goods and services to produce; how will these goods and services be produced; and who receives them?
• C)Who gets jobs; what wages do workers earn; and who owns what property?
• D)How much will be saved; what will be produced; and how can these goods and services be fairly distributed?

Appreciate the factors influencing college admissions and the representation of racial groups.

Identify cognitive biases and their effect on problem-solving and decision-making.

Understand the concepts of mental set and fixation in problem-solving.

Grasp the structures and processes involved in language development.

---

Definitions:

Xer/o

A prefix in medical terminology denoting dryness.

Hem/o

A prefix used in medical terminology that refers to blood.

Hepat/o

A prefix relating to the liver.

Neur/o

A prefix in medical terminology referring to nerves or the nervous system.