When Collective Decision Making Is Utilized to Resolve Economic Questions

question 200

Multiple Choice

When collective decision making is utilized to resolve economic questions regarding the allocation of resources,

• A) the role of markets will be replaced by political decision making.
• B) centralized decision making in all areas is inevitable.
• C) the preferences of individuals are of no importance.
• D) economic efficiency will be assured.

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Definitions:

Phytoremediation

A bioremediation process that uses various types of plants to remove, transfer, stabilize, or destroy contaminants in the soil and groundwater.

Contaminants

Substances that are introduced into an environment where they don't belong, often harmful to organisms, polluting water, air, and soil.

Organic Contaminants

Harmful chemicals derived from or containing carbon, found in the environment, potentially affecting water and soil quality.

Soil Conditioner

A product added to soil to improve its physical qualities, such as structure, porosity, and water retention, enhancing plant growth.