For the following questions, you are provided with two statements. Choose the two economic goals THAT ARE MOST IN CONFLICT when considering the difference between the two statements.

1) In a market system, a person is entitled to earn as high an income as possible with no government restrictions.
--> It is ridiculous that some people are being paid several million dollars a year while other people can't afford food and a home. There should be a limit on the amount of money a person can earn

a) Economic Security
b) Economic Stability
c) Economic Growth
d) Economic Freedom
e) Economic Efficiency
f) Economic Equity

2) Anyone who watches television knows that a lot of valuable resources are wasted on commercials designed to trick people into buying things they don't really need. All advertising should be true and provable.
--> There are far too many frivolous government regulations that interfere with people's lives today. Government should worry about important things and not be concerned about what is shown on television commercials.

a) Economic Security
b) Economic Stability
c) Economic Growth
d) Economic Freedom
e) Economic Efficiency
f) Economic Equity

3)Environmental protection programs are often misguided and lead to loss of jobs. They also increase prices of the things we buy.
--> Strong environmental protection laws should be enacted and enforced to make sure that our children and grandchildren have clean air, clean water, and a safe environment for people and wildlife.

a) Economic Security
b) Economic Stability
c) Economic Growth
d) Economic Freedom
e) Economic Efficiency
f) Economic Equity

PLEASE HELP!!!

So ... you are supposed to choose two answers for each number?

I'd say d and f for #1. What do you think?

Make sure you are clear on the definition of every single word among the potential answers; then post what you think about 2 and 3.

For #1 I think it is d&f

for #2 A & C
for #3 A & C

Please tell me the right answer if I am wrong
Thanx!!

I'd say c and e for #2. Are you absolutely clear on what these terms mean??

To determine the two economic goals that are most in conflict in each scenario, let's examine the statements and analyze how they relate to the different economic goals:

1) The two statements in conflict are:
- Economic Freedom: The first statement emphasizes the importance of individuals being entitled to earn as high an income as possible with no government restrictions.
- Economic Equity: The second statement argues that there should be a limit on the amount of money a person can earn to address the disparity between high-income earners and those who can't afford basic necessities.

Therefore, the two economic goals that are most in conflict in this scenario are Economic Freedom and Economic Equity.

2) The two statements in conflict are:
- Economic Freedom: The second statement suggests that government regulations interfering with television commercials should be reduced to prioritize people's freedom to advertise as they wish.
- Economic Efficiency: The first statement highlights the wastefulness of resources on commercials designed to trick people into buying things they don't need, implying that stricter regulations on truthful advertising should be in place to improve the efficiency of resource utilization.

Therefore, the two economic goals that are most in conflict in this scenario are Economic Freedom and Economic Efficiency.

3) The two statements in conflict are:
- Economic Security: The first statement argues that environmental protection programs often lead to job losses and price increases, potentially impacting people's economic security.
- Economic Growth: The second statement emphasizes the importance of strong environmental protection laws to ensure a safe environment for future generations, indicating that economic growth should be pursued alongside environmental protection.

Therefore, the two economic goals that are most in conflict in this scenario are Economic Security and Economic Growth.

Hope this explanation helps! Let me know if you have any further questions.