📚 Learning Guide
Fundamental Economic Choices
hard

Resource allocation in economics is to trade-offs as prioritizing health research is to what?

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

Funding cuts to unrelated sectors

B

Balancing multiple health crises

C

Increasing total funding for all sectors

D

Ignoring research focus altogether

Understanding the Answer

Let's break down why this is correct

Answer

Resource allocation in economics involves making choices about how to distribute limited resources among various needs and wants, which often requires trade-offs. Similarly, prioritizing health research involves deciding which health issues to focus on, knowing that resources like funding and time are limited. This means that by choosing to invest in one area of health research, such as cancer treatment, we might have to reduce support for another area, like mental health studies. For example, if a government allocates more money to vaccine development, it may have less to spend on other health programs. Therefore, just as trade-offs are essential in resource allocation, prioritizing health research also involves making tough choices about where to direct resources for the greatest benefit.

Detailed Explanation

When we focus on health research, we must manage different health problems. Other options are incorrect because This suggests we should cut money from other areas; This idea assumes we can give more money everywhere.

Key Concepts

Resource allocation
Trade-offs in economics
Health research prioritization
Topic

Fundamental Economic Choices

Difficulty

hard level question

Cognitive Level

understand

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