Why Is It Necessary for All Economic Systems to Not

question 210

Multiple Choice

Why is it necessary for all economic systems to not only provide people with goods and services, but also restrict them from getting as much of these goods and services as they wish?

• A)Failure to do this could reduce the efficiency of the system by producing some goods and services that are not as highly valued as others.
• B)Failure to do this could lead to an inequitable allocation of goods and services produced.
• C)Failure to do this could lead to drastic shortages of goods and services.
• D)Failure to do this could reduce efficiency and lead to an inequitable allocation of output.

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Definitions:

Characteristics

Distinctive traits or qualities that define an individual, a group, or an entity.

Employee Involvement

The degree to which employees are encouraged to contribute their ideas and suggestions to improve their workplace.

Organizational Commitment

The level of loyalty an employee feels towards their organization, often reflected in their willingness to remain with the company.

High-Stress Job

A position that consistently exposes the employee to significant stressors, often due to high pressure, workload, or the critical nature of the job’s outcomes.