Why Is It Necessary for All Economic Systems to Not

question 87

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 will lead to drastic shortages of all goods and services.
• D)Failure to do this could reduce efficiency and lead to an inequitable allocation of output.

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Definitions:

Zygote

The initial cell formed when two gamete cells are joined by means of sexual reproduction; the earliest developmental stage of the embryo.

Fetus

The developing human organism from 9 weeks after conception to birth.

Anxious Children

Children who experience higher than normal levels of anxiety and fear, affecting their daily functioning.

Fearful

Feeling afraid or anxious; the emotional response to perceived threats or danger.