Which of the Following Is Not a Basic Question That

question 10

Multiple Choice

Which of the following is not a basic question that must be answered as a result of scarcity?

• A) Who should decide the amount of money spent on medical goods and services?
• B) Who should receive the medical goods and services that are produced?
• C) What mix of nonmedical and medical goods and services should be produced in the macroeconomy?
• D) What specific health care resources should be used to produce the chosen medical goods and services?
• E) What mix of medical goods and services should be produced in the health economy?

---

Definitions:

Aggregate Supply

The sum total of products and services that corporations in an economic system plan to offer for sale during a given time frame.

Recessionary Gap

A situation where an economy's real GDP is lower than its potential GDP, leading to unemployment and underutilized resources.

Self-correcting Economy

An economy that possesses mechanisms to automatically adjust itself to balance out recessions or inflations without external intervention.

Recessionary Gap

The difference between the actual output of an economy and its potential output if all resources were fully employed, indicating underperformance.