Multiple Choice
It is cheaper to produce corn in Kansas than in Death Valley,California,because corn needs a lot of water and moderate temperatures.Which economic concept does this statement BEST represent?
A) Government policies can change spending.
B) Markets move toward equilibrium.
C) Resources should be used as efficiently as possible to achieve society's goals.
D) One person's spending is another person's income.
Correct Answer:
Verified
Correct Answer:
Verified
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