Multiple Choice
Factors of production are
A) Scarce in every society.
B) Scarce only in advanced countries.
C) Scarce only in the poorest countries of the world.
D) Unlimited in quantity.
Correct Answer:

Verified
Correct Answer:
Verified
Q61: If the United States decides to convert
Q62: A production possibilities curve indicates the<br>A)Combinations of
Q63: The market mechanism may best be defined
Q64: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" In Figure 1.9,the
Q65: The production possibilities curve illustrates which two
Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Using Figure 1.4
Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Using Figure 1.5,if
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q71: In using a tanks and trucks production