The Problem of Determining How Goods and Services Should Be

question 61

Multiple Choice

The problem of determining how goods and services should be produced is a problem of deciding:

• A) the best combinations of resources to be used for producing goods and services.
• B) the extent to which imports should be reduced relative to exports.
• C) the extent to which exports should be reduced relative to imports.
• D) who owns the resources.

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Definitions:

Detonator

A device or a small amount of explosive used to trigger an explosive charge or set off another explosive device.

Functional Group

A specific grouping of atoms within molecules that is responsible for the characteristic chemical reactions of those molecules.

Organic Explosives

Explosive materials composed of organic chemicals that produce a detonation or rapid expansion of gases to generate destructive effects.

Combustion

A chemical reaction that occurs when a substance reacts with oxygen to give off heat and light, often producing flame.