Why Is It Necessary for All Economic Systems to Not

question 210

Multiple Choice

Why is it necessary for all economic systems to not only provide people with goods and services, but also restrict them from getting as much of these goods and services as they wish?

• A)Failure to do this could reduce the efficiency of the system by producing some goods and services that are not as highly valued as others.
• B)Failure to do this could lead to an inequitable allocation of goods and services produced.
• C)Failure to do this could lead to drastic shortages of goods and services.
• D)Failure to do this could reduce efficiency and lead to an inequitable allocation of output.

---

Definitions:

Functional Explanation

An approach that explains social phenomena in terms of the functions they serve for a society or an organism.

Prestige

Social esteem, regard, or respect accorded by members of a society to individuals, jobs, or items based on perceived quality or merit.

Motivations

The reasons or forces that drive individuals to take certain actions or behave in specific ways.

Structural Functionalism

A sociological perspective that interprets society as a structure with interrelated parts designed to meet the biological and social needs of individuals that make up that society.