Which of These Is One of the Four Principles of Individual

question 76

Multiple Choice

Which of these is one of the four principles of individual choice?

• A)Resources are usually renewable.
• B)The real cost of something is impossible to measure.
• C)People take advantage of opportunities to make themselves better off only if there is no risk involved.
• D)Resources are scarce.

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Definitions:

Entrepreneurs

Individuals who organize and operate businesses, taking on greater than normal financial risks in order to do so.

Democratic Governance

A system of leadership or management where decisions are made based on the participation or approval of the majority of members or stakeholders.

Nonprofit Organizations

are entities operating for purposes other than generating profit, often focusing on social, educational, or charitable activities.

Normative Context

The social, cultural, or ethical standards and expectations that influence individuals' behaviors and interactions.