
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 will lead to drastic shortages of all goods and services.
D) Failure to do this could reduce efficiency and lead to an inequitable allocation of output.
Correct Answer:
Verified
Q65: What is a marginal cost?
Q90: Which of the following statements is true?
A)Any
Q91: Consider the following economic agents:
A.the government
B.consumers
C.producers
Who, in
Q92: Society faces a trade-off in all of
Q93: Billie's Billiard Barn has seen its business
Q96: The distribution of income primarily determines which
Q97: The highest-valued alternative that must be given
Q98: The idea that because of scarcity, producing
Q99: The Coffee Nook, a small cafe near
Q100: Who receives the most of what is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents