The Central Question in Economics Is How To

question 35

Multiple Choice

The central question in economics is how to:

• A)​regulate the supply of money.
• B)​make the best use of scarce resources to satisfy our unlimited wants.
• C)​reduce the wants of individuals, businesses and government.
• D)find more resources to satisfy everyone's wants.​

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Definitions:

Avoiding Risks

This refers to strategies or actions taken to minimize potential threats or undesired outcomes in various contexts, including personal, financial, and professional areas.

Competency Wheel

An illustrative representation designed to help individuals or organizations identify and develop the essential skills and behaviors needed for success in a particular role or activity.

Personal Mission Statement

A written declaration of an individual's core values and purpose, intended to guide their actions and decisions.

Deepest Aspirations

The most profound hopes, desires, or ambitions that an individual earnestly wishes to achieve in their life.