The Inescapable Economic Fact Is That

question 118

Multiple Choice

The inescapable economic fact is that

• A)there are unlimited wants and limited resources.
• B)there are unlimited resources, and we just have to figure out how to allocate them.
• C)capitalists are always exploiting the workers.
• D)unions are always exploiting firms.
• E)capitalists and unions cannot work together.

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Definitions:

Intelligence Test

A standardized assessment designed to measure human intelligence and cognitive abilities in various domains.

Stanford-Binet

A standardized test that assesses intelligence and cognitive abilities in both children and adults.

Mental Age

A measure of an individual's intellectual capacity compared to the average intellectual capacity for their actual chronological age.

IQ

A measure of a person's intelligence as indicated by an intelligence test, relative to the average performance of others in the same age group.