The Basic Goal of Economics Is

question 43

Multiple Choice

The basic goal of economics is:

• A) controlling the effects of government actions.
• B) determining how to distribute all that is produced in an economy.
• C) addressing the scarcity problem created because the population's desire for goods exceeds the ability to produce them.
• D) matching limited resources to people's limited wants and needs.
• E) controlling tastes and wishes so that there will be enough resources to produce all the goods and services that people want.

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Definitions:

Analgesic

A type of medication that reduces or eliminates pain without causing loss of consciousness.

Menstrual Cycle

The regular natural change that occurs in the female reproductive system that makes pregnancy possible, including the shedding of the lining of the uterus.

Mammogram

An X-ray of the breast used to detect and diagnose breast cancer.

Deodorant

A substance applied to the body to prevent or mask body odor due to bacterial breakdown of perspiration.