The Fundamental Problem of Economics Is

question 167

Multiple Choice

The fundamental problem of economics is:

• A)to establish a democratic political framework for the provision of social goods and services.
• B)the establishment of prices which accurately reflect the relative scarcities of products and resources.
• C)the scarcity of productive resources relative to material wants.
• D)to achieve a more equitable distribution of money income in order to mitigate poverty.

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Definitions:

Computer Databases

Organized collections of data or information that can be electronically stored, accessed, manipulated, and updated.

Medical Records

Documented records of a patient's medical history, treatment records, diagnoses, and other healthcare information.

Intentional Tort

A wrongful act, done on purpose, that causes harm to another person, for which the injured party can seek legal redress.

Trespass

An unlawful act causing injury to the person, property, or rights of another, particularly entering onto land without the owner's permission.