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Homework answers / question archive / Which of the following best explains why the game of economics is about setting goals as much as it is about making allocation decisions? a

Which of the following best explains why the game of economics is about setting goals as much as it is about making allocation decisions? a

Business

Which of the following best explains why the game of economics is about setting goals as much as it is about making allocation decisions?

a. There are different and incompatible economic goals.

b. Making allocation decisions requires information and resources.

c. Consumers need goals in order to know what goods and services to buy.

d. It's unnecessary to have a goal to make allocation decisions.

Option 1

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