📚 Learning Guide
Fundamental Economic Choices
easy

True or False: Allocating resources to research one disease does not impact the ability to research another disease, as resources are always available in sufficient quantity.

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
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4
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Choose the Best Answer

A

True

B

False

Understanding the Answer

Let's break down why this is correct

Answer

The statement is false because resources for research, like money, time, and skilled people, are limited. When we choose to allocate a lot of resources to studying one disease, it often means there are fewer resources available for other diseases. For example, if a government spends a large amount of its health budget on cancer research, it might have less to invest in researching heart disease. This situation illustrates the fundamental economic idea of scarcity, where we must make choices about how to use limited resources effectively. Therefore, when we prioritize one area, it can negatively impact the progress in another area.

Detailed Explanation

Resources like money, time, and people are limited. Other options are incorrect because Some might think that resources are endless.

Key Concepts

Resource Allocation
Trade-offs
Scarcity
Topic

Fundamental Economic Choices

Difficulty

easy level question

Cognitive Level

understand

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