The Overriding Reason Why Households and Societies Face Many Decisions

question 35

Multiple Choice

The overriding reason why households and societies face many decisions is that

• A)resources are scarce.
• B)goods and services are not scarce.
• C)incomes fluctuate with business cycles.
• D)people, by nature, tend to disagree.

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Definitions:

Beliefs

Convictions or acceptances that something is true or exists, often based on personal faith, without absolute proof.

Explaining

The act of making something clear or easy to understand by describing or giving information about it.

Attitudes

Mental and emotional entities that inhabit our likes and dislikes, influencing how we react to various objects, people, and situations.

Evolutionary Artifacts

Physical or cultural remnants from the past that have been shaped by evolutionary processes and may still influence modern human behavior or society.