In Every Economic System, Choices Must Be Made Because Resources

question 100

Multiple Choice

In every economic system, choices must be made because resources are:

• A)infinite, but economic wants are finite.
• B)finite, but economic wants are insatiable.
• C)unlimited, but economic wants are limited.
• D)limited, and so are economic wants.

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Definitions:

Imaginary Numbers

Complex numbers that can be written as a real number multiplied by the imaginary unit i, where i is the square root of -1, used in advanced mathematics.

Like Terms

Terms in algebraic expressions that have the same variables raised to the same power, only their coefficients can be different.

Perform Operation

To carry out a specific task or process, often referring to mathematical computations or business procedures.

Simplify

To reduce a mathematical expression or problem to its simplest form by performing operations and eliminating complexity.