The One Word in the Definition of Economics That Focuses

question 55

Multiple Choice

The one word in the definition of economics that focuses on the fact that it is impossible to provide all of the goods and services that everyone wants is

• A)scarcity.
• B)resources.
• C)study.
• D)allocation.

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Definitions:

False Imprisonment

Unlawfully restraining a person against their will within a bounded area, without legal authority, justification, or consent.

Tort Law

The area of law that deals with civil wrongs, not arising out of contractual obligations, for which the injured party may receive damages or equitable relief.

Compensate

To provide something, usually money, in recognition of loss, suffering, or damage experienced by an individual or entity.

Future Harms

Potential damage or adverse outcomes that may occur in the future as a result of current actions or decisions.