Why Is It Necessary for All Economic Systems to Not

question 210

Multiple Choice

Why is it necessary for all economic systems to not only provide people with goods and services, but also restrict them from getting as much of these goods and services as they wish?

• A)Failure to do this could reduce the efficiency of the system by producing some goods and services that are not as highly valued as others.
• B)Failure to do this could lead to an inequitable allocation of goods and services produced.
• C)Failure to do this could lead to drastic shortages of goods and services.
• D)Failure to do this could reduce efficiency and lead to an inequitable allocation of output.

---

Definitions:

Synovial

Relating to or containing synovia (a substance that serves as a lubricant in a joint, tendon sheath, or bursa).

Cartilaginous

Describing a type of tissue that is not as hard as bone but provides flexibility and support; it is found in areas like the ears, nose, and joints.

Complex

A group of interconnected entities or a composite material formed from two or more substances with combined properties.

Ball and Socket

A type of joint that allows for rotational movement, as seen in the hip or shoulder joint.