menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 44
  4. Exam
    Exam 1: Economic Issues and Concepts
  5. Question
    Because Resources Are Scarce, Individuals Are Required to
Solved

Because Resources Are Scarce, Individuals Are Required to

Question 24

Question 24

Multiple Choice

Because resources are scarce, individuals are required to


A) sacrifice production but not consumption.
B) improve production but not distribution.
C) use resources inefficiently.
D) improve distribution but not production.
E) make choices among alternatives.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: Consider the production possibilities boundary (PPB)of an

Q20: The Canadian economic system can best be

Q21: Comparison of economic systems indicates that<br>A)capitalist economies

Q22: If a country's production possibilities boundary is

Q23: A point lying inside the production possibilities

Q25: A move from inside the production possibilities

Q26: Most modern economies in the world today<br>A)are

Q27: A farmer selling tomatoes and corn at

Q28: Economics is generally NOT concerned with<br>A)restricting the

Q29: Suppose fire destroy many millions of hectares

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines