The Real Core of the Economic Problem Is To

question 153

Multiple Choice

The real core of the economic problem is to:

• A)​increase the amount of leisure time available to people.
• B)​guarantee everyone on the planet a minimum level of food, shelter and clean water.
• C)​allocate limited resources among competing uses.
• D)​eliminate scarcity.

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Definitions:

Premise

An initial statement or proposition from which conclusions are drawn or arguments are based.

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving the deployment of resources in a competitive context.

Structure

The arrangement or organization of interrelated elements in a material object or system, or the organization of parts as dominated by the general character of the whole.

Bureaucratic

Relating to a system of government or organization that is managed by departments staffed with non-elected officials, often criticized for excessive procedural complexity.