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Author Question: Does economic growth have any negative side effects? A) No. Every person in a nation experiencing ... (Read 47 times)

plus1

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on: Jun 29, 2018
Does economic growth have any negative side effects?
 
  A) No. Every person in a nation experiencing economic growth will benefit.
  B) No, because where negative side effects do occur, a nation's government is required to neutralize them.
  C) Quite possibly. Some say economic growth puts people on a never-ending quest to satisfy newly created wants, so we always feel disappointed with our lives.
  D) yes, but only for the poorest segment of a nation's population

Question 2

Briefly explain why people make choices.
 
  What will be an ideal response?


kkenney

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

People make choices because of scarcity. Scarcity exists because resources are insufficient to satisfy people's every desire.


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