What Term Refers to the Set of Mechanisms and Institutions

question 36

Multiple Choice

What term refers to the set of mechanisms and institutions that resolve the basic economic questions?  

• A) economic system 
• B) production possibilities dilemma 
• C) business economic resolution device 
• D) absolute advantage economic determination

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Definitions:

Peristalsis

Wavelike contractions that propel substances along a tubular structure such as the esophagus.

Constipation

Changes in the frequency of bowel movements that leads to the formation of hard, dry fecal material.

Diarrhea

Excessively frequent and watery bowel movements.

Chemical Breakdown

The process of breaking down compounds into smaller chemicals through chemical reactions.