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:

Object Permanence

The understanding that objects continue to exist even when they cannot be observed (seen, heard, touched, smelled, or sensed in any way).

Visual Preferences

Individual tendencies to favor certain visual stimuli over others, often influenced by personal experiences, culture, and genetics.

Core Knowledge Researchers

Scientists and psychologists focused on understanding how humans, especially infants, develop core domains of understanding about the world, such as physics, biology, and psychology.

Core Knowledge Theorist

A theorist who posits that humans are born with innate, domain-specific knowledge systems, such as for language and physics.