The Economizing Problem Is

question 316

Multiple Choice

The economizing problem is

• A) the need to make choices because economic wants exceed economic means.
• B) how to distribute resources equally among all members of society.
• C) that people's means often exceed their wants.
• D) that people do not know how to rationally allocate resources.

---

Definitions:

Automatically Have Authority

An assumption that authority or power can be gained instantaneously or by default, without a formal process.

Will

The mental faculty by which an individual decides or chooses based on desires or motives; also refers to determination or resolve.

Skill

An ability or expertise developed through practice and training, aimed at performing specific tasks effectively.

Participation

Involvement or taking part in a particular process, activity, or decision, typically within an organizational or group setting.