What Is the Strongest Argument for Why We Need More

question 16

Multiple Choice

What is the strongest argument for why we need more economists today than ever before?

• A) We have a need for more wealth given the higher standard of living that individuals demand.
• B) Economists are needed to address the allocation of scarce resources as a result of the world's growing population.
• C) Economists are needed to make sure that firms continue to make profits.
• D) Economists are needed to make sure that consumers are well informed about their possible purchase options and that they budget their finances appropriately.
• E) Economists are needed to make sure that the government doesn't involve itself too much in the economy.

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Definitions:

Defective Parts

Components or elements that have flaws or imperfections which prevent them from functioning as intended.

Remedies

Legal solutions provided by a court to enforce a right, impose penalties, or make another court order to impose its will.

Repair or Replacement

Options often provided to consumers as remedies for defective products, entailing either fixing the defective item or providing a new one.

Right to Cure

The legal right or opportunity given to a party to rectify or correct a breach of contract or agreement before facing potential penalties or legal action.