Multiple Choice
The existence of scarcity implies that
A) economic interaction is limited.
B) people are not able to use all the available resources.
C) people must make a choice.
D) people will always be poor.
E) rich people are better off than poor people.
Correct Answer:
Verified
Correct Answer:
Verified
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Q101: Exhibit 1-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 1-4
Q102: Scarcity applies to everyone regardless of income.
Q104: Exhibit 1-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 1-6
Q105: If firms adopt a technology that can
Q106: Exhibit 1-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 1-8
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