Economics Is Primarily the Study of

question 62

Multiple Choice

Economics is primarily the study of

• A) how to make money in the stock market.
• B) how to operate a business successfully.
• C) the allocation of scarce resources in an effort to satisfy wants that are virtually unlimited.
• D) the methods business firms use to reduce their costs of production.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Multilateral Approach

A multilateral approach in diplomacy or trade involves the participation of more than two countries, organizations, or parties to work on a specific issue or within a treaty framework.

Unilateral Approach

An action or policy decision made and implemented by a single governing body, organization, or individual without cooperation or agreement from others.

Free Trade

A financial strategy that permits the trade of goods across borders with few governmental limitations or duties.

Protection-As-A-Bargaining-Chip

A strategic use of trade barriers or policies by a country to gain concessions or favorable terms from other countries.