Why Is It Necessary for All Economic Systems to Not

question 113

Multiple Choice

Why is it necessary for all economic systems to not only provide people with goods and services, but also restrict them from getting as much of these goods and services as they wish?

• A)Failure to do this could reduce the efficiency of the system by producing some goods and services that are not as highly valued as others.
• B)Failure to do this could lead to an inequitable allocation of goods and services produced.
• C)Failure to do this could lead to drastic shortages of goods and services.
• D)Failure to do this could reduces efficiency and leads to an inequitable allocation of output.

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Definitions:

Prophase

The first stage of cell division in both mitosis and meiosis, during which the chromatin condenses into visible chromosomes, and the nuclear envelope begins to disintegrate.

Phosphorylation

Phosphorylation is a biochemical process that involves the addition of a phosphate group to a molecule, crucial for energy transfer and signal transduction in cells.

Cell Cycle

The series of events that take place in a cell leading to its division and duplication.

Cytokinesis

The method by which a single eukaryotic cell's cytoplasm is split into two, resulting in the formation of two offspring cells during cell division.