Which of the Following Is Correct About the Economic Decisions

question 114

Multiple Choice

Which of the following is correct about the economic decisions consumers,firms,and the government have to make?

• A)Governments may face the problem of shortages but not scarcity in making economic decisions.
• B)Only individuals face scarcity; firms and the government do not.
• C)Firms and the government face scarcity,individuals only face shortages.
• D)Each faces the problem of scarcity which necessitates trade-offs in making economic decisions.

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Definitions:

Diuretics

Medications designed to increase the amount of water and salt expelled from the body as urine.

Steroids

A large class of organic compounds with a characteristic molecular structure, including many hormones, body constituents, and drugs.

Human Growth Hormone

A peptide hormone that stimulates growth, cell reproduction, and regeneration in humans and other animals.

1-RM

Stands for one-repetition maximum, which is the maximum amount of weight that a person can possibly lift for one repetition of a given exercise.