If Society Decides It Wants More of One Good and All

question 88

Multiple Choice

If society decides it wants more of one good and all resources are fully utilized, then

• A)it is unable to do this unless technology advances.
• B)additional resource supplies will have to be found.
• C)it has to give up some of another good and incur some opportunity costs.
• D)more unemployment will occur.

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Definitions:

Health Care Proxy

A legal document that allows an individual to appoint someone else to make medical decisions on their behalf if they are unable to make decisions themselves.

Durable Power

In legal and financial contexts, a form of power of attorney that remains effective even if the grantor becomes incapacitated.

Attorney

A professional authorized to practice law, representing and advising clients in legal matters and disputes.

Hospice Care

Specialized care designed to provide support and comfort to individuals in the last phase of a terminal illness, focusing on quality of life rather than cure.