Why Is It Necessary for All Economic Systems to Not

question 143

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 good and services.
• D) Failure to do this could reduces efficiency and leads to an inequitable allocation of output.

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Definitions:

Extensor Carpi Ulnaris

A muscle of the forearm that extends and adducts the wrist, located on the ulnar side.

Pronator Teres

A muscle in the forearm that helps in pronating the wrist by turning the palm downward.

Masseter

A facial muscle that plays a major role in the chewing of solid foods, connecting the jawbone to the cheekbone.

Digastric

A small muscle located under the jaw that plays a role in the opening of the mouth and the depression of the mandible.