Multiple Choice
Because people's wants are unlimited but resources are scarce,
A) only the rich get everything they want
B) choices must be made
C) there will be more services produced than goods
D) people search for spiritual fulfillment rather than material fulfillment
E) poor people never get anything they want
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Economic theory<br>A)expresses normative values<br>B)invents imaginative and interesting
Q2: In an economic model of consumer behavior,
Q3: The economic behavior of individual decision makers
Q5: Economics<br>A)studies human behavior when scarcity exists and
Q6: Someone who committed the association-is-causation fallacy might
Q7: Economics is the study of<br>A)how to get
Q8: Economists classify all of the following as
Q9: Secondary effects are consequences of economic actions
Q10: According to a 2011 PayScale.com survey, the
Q11: A resource is something that<br>A)is used to