If Society Decides It Wants More of One Good and ________,Then

question 69

Multiple Choice

If society decides it wants more of one good and ________,then it has to give up some of another good and incur some opportunity costs.

• A)technology advances
• B)resources are underutilized
• C)all resources are fully utilized
• D)new resources are discovered

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Definitions:

Testator

An individual who has made a will or testament, in which they designate the distribution of their estate after their death.

Issue

Lineal descendants such as children and grandchildren. This category of persons includes adopted children.

Interested Party

An individual or group that has an interest in any decision or activity of an organization, including shareholders, creditors, or employees.

Present Interest

A right to immediately use, possess, or enjoy property or income.