The Problem of Determining for Whom to Produce Exists Because

question 13

Multiple Choice

The problem of determining for whom to produce exists because:

• A) government regulations prevent firms from producing the kinds of goods that consumers want.
• B) a decision that one person or group will receive a good or service usually means that another person or group will not.
• C) taxes on firms make it more costly for them to produce all the goods that people want.
• D) taxes on consumers make it more difficult for them to buy all the goods they want.

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Definitions:

Induction

A method of reasoning that draws general principles from specific instances, moving from particular to general.

Authority Insistence

Refers to the extent to which an individual or entity demands obedience and adherence to power or authority.

Deduction

A logical process in which a conclusion is based on the concordance of multiple premises that are assumed to be true.

Discipline

A method of training people to obey rules or a code of behavior, using punishment to correct disobedience.