A Fundamental Aspect of Economics Is to

question 188

Multiple Choice

A fundamental aspect of economics is to

• A)ensure that every firm makes a profit.
• B)analyze how choices are made.
• C)satisfy all our wants.
• D)make sure that our resources will always be unlimited.

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Definitions:

Punishment

A method used to reduce or eliminate unwanted behavior by introducing a negative consequence or removing a desired stimulus following the behavior.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Anger And Hostility

Intense feelings of displeasure or aggression towards something or someone, often displayed through antagonistic or confrontational behavior.

Alternatives

Options or choices available in any decision-making situation.