Trade-Offs Force Society to Make Choices When Answering What Three

question 106

Multiple Choice

Trade-offs force society to make choices when answering what three fundamental questions?

• A)What will be the prices of goods and services; how will these goods and services be produced; and who will receive them?
• B)What goods and services to produce; how will these goods and services be produced; and who receives them?
• C)Who gets jobs; what wages do workers earn; and who owns what property?
• D)How much will be saved; what will be produced; and how can these goods and services be fairly distributed?

---

Definitions:

Disbursements

Payments made by a business, often related to operational expenses or loan repayments.

Optimal Average Cash Balance

The ideal level of cash a company seeks to maintain to minimize the costs associated with holding too much or too little cash.

Weekly Interest Rate

Interest calculated and applied on a weekly basis, often referred to in terms of loans or savings.

BAT Model

Behaviorally Adjusted Time (BAT) Model refers to a calculation method designed to account for the inefficiencies human behavior introduces into the financial markets.