The Three Fundamental Questions That Any Economy Must Address Are

question 131

Multiple Choice

The three fundamental questions that any economy must address are:

• 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 will be produced; 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?

Understand the implications of giving decision-making authority to group members.

Analyze leadership roles and strategies in facilitating task group objectives and resolving conflicts.

Evaluate task groups' method of operation, including planning, conflict resolution, and problem-solving strategies from an observational or participatory perspective.

Understand the process and benefits of muscle relaxation and the circumstances under which it can be effectively used.

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Definitions:

Divergence

The act of moving away in different direction from a common point; in creativity and thinking, it refers to the generation of multiple solutions to a given problem.

Convergence

The process by which eyes adjust their angle so that the visual axes meet at the point of focus, or in a broader sense, the tendency for ideas and phenomena to evolve towards a common point.

Pupil

The opening in the center of the iris of the eye that regulates the amount of light that enters the eye to reach the retina.

Visual Receptors

Specialized cells located in the retina of the eye that are responsible for converting light into signals that the brain can interpret as visual images.