The Overriding Reason Why Households and Societies Face Many Decisions

question 35

Multiple Choice

The overriding reason why households and societies face many decisions is that

• A)resources are scarce.
• B)goods and services are not scarce.
• C)incomes fluctuate with business cycles.
• D)people, by nature, tend to disagree.

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Definitions:

Eugene V. Debs

An American socialist, political activist, trade unionist, and five times the candidate of the Socialist Party of America for President of the United States.

Espionage Act

A United States federal law passed in 1917 that made it a crime to convey information intended to interfere with the U.S. armed forces' operations or to promote the success of the country's enemies during wartime.

Anti-War Speech

Public discourse or address that argues against the initiation, continuation, or support of military conflicts and wars.

Manufacture and Sale

The process of creating goods through various forms of production and then offering them for purchase to consumers.