All economies must decide what to produce. Which of the following says the same thing, but does so more completely?
Select one of the options below as your answer:
A. All economies must decide how to help firms to maximize their profits.
B. All economies should be fair to all people.
C. All economies seek to make their rich people even richer.
D. All economies must determine how to allocate their scarce resources

Can someone explain this one for me

Question

eyeofthetiger14 eyeofthetiger14

15-04-2014
Business

Answered

All economies must decide what to produce. Which of the following says the same thing, but does so more completely?
Select one of the options below as your answer:
A. All economies must decide how to help firms to maximize their profits.
B. All economies should be fair to all people.
C. All economies seek to make their rich people even richer.
D. All economies must determine how to allocate their scarce resources

Can someone explain this one for me

Answer :

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mackiemesser mackiemesser · Answer 1 · 2014-08-22T08:46:37-04:00

A is false, because the main phrase does not narrow down the statement to firms only.
B is false, because the main phrase does not imply anything about fairness.
C is false, because the main phrase does not make any distinction between rich people and poor people.
D is true , because it says the same thing as the main phrase, but also points out scarcity of resources as the main factor which forces us to make decisions. If resources were unlimited, there would be no need to make this decision.