Most conventional American economic theory is embedded in a _________ paradigm of ideas and assumptions.
A)systems resources
B)center-periphery
C)resource allocation
D)corporate

Question

Quizplus · Accepted Answer

Most American economic theory is based on the assumption that resources are scarce and must therefore be efficiently allocated among competing needs and wants. This perspective is known as resource allocation theory. While systems resources, center-periphery, and corporate paradigms play a role in some economic theories, they are not as prevalent as resource allocation theory in the American context.

Most Conventional American Economic Theory Is Embedded in a _________