Multiple Choice
Because resources are scarce,individuals are required to
A) make choices among alternatives.
B) use resources inefficiently.
C) sacrifice production but not consumption.
D) improve distribution but not production.
E) improve production but not distribution.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The table below illustrates that,in one day,Tristan
Q11: The key decision makers in a market
Q12: A greater specialization of labour leads to
Q13: With reference to the circular flow of
Q14: Economics can best be described as<br>A)the study
Q16: Madeleine allows herself $100 per month for
Q17: Figure 1-7 shows the production possibilities boundary
Q18: A country's production possibilities boundary shows that
Q19: Figure 1-7 shows the production possibilities boundary
Q20: With a budget of $500 000,a school