Question

3 multiple choice 5 points
king kong wanted the people of skull island to make more stuff by expanding and growing all the businesses on the island. king kong in this situation is trying to bring __________ to his island’s economy
○ regulations
○ taxes
○ equity
○ innovation
4 true or false 5 points
the study of how people try to satisfy their needs and wants through the use of limited resources is called “economics”.
○ true
○ false

Explanation:

For question 3: Regulations and taxes typically restrict business growth, equity refers to ownership, while innovation drives business expansion and increased production. For question 4: This matches the core definition of economics, which focuses on resource allocation to meet unlimited wants with limited resources.

Answer:

1. D. innovation
2. True