150k views
1 vote
What fundamental question is Resource-Value-Time (RVT) moderated by?

a) Who
b) What
c) When
d) Why

User Koco
by
7.6k points

1 Answer

0 votes

Final answer:

The 'Why?' question moderates the Resource-Value-Time (RVT) framework, as it seeks to uncover the rationale behind resource allocation, valuation, and timing in economic decisions.

Step-by-step explanation:

The Resource-Value-Time (RVT) framework is moderated by the question 'Why?'

In the context of economics and business, the RVT framework helps to determine the rationale behind the allocation of resources, the value attributed to these resources, and the timing of their use. The underlying question of 'Why?' delves into the reasons and justifications for economic decisions, which are influenced by a multitude of factors including scarcity, resource allocation, and value maximization. This question is fundamental as it not only addresses the purpose behind economic activities but also reflects on the goals and objectives that an entity might pursue.

Every society grapples with the fundamental problems of resource allocation and scarcity, making 'Why?' a pivotal question. For example, why certain resources are allocated to specific endeavors is an essential question in economic theory and policy decision-making, influencing how societies answer what has intrinsic value and which actions would maximize that value.

User Public Wireless
by
8.4k points