Multiple Choice
You like to read Vogue and Sports Illustrated.You have only $5 to spend,so you buy only Sports Illustrated.Which economic concept does this statement BEST represent?
A) Scarcity
B) Equilibrium
C) Marginal Analysis
D) Specialization
Correct Answer:
Verified
Correct Answer:
Verified
Q94: Using marginal analysis to decide whether to
Q95: The university recently inherited a large mansion
Q96: Equilibrium exists when:<br>A)output is distributed equitably.<br>B)scarcity is
Q97: Scarcity in economics means that:<br>A)we often do
Q98: You notice that when a new yoga
Q100: An economy is efficient if it is:<br>A)possible
Q101: Which statement is NOT one of the
Q102: Overall,trade between China and the United States
Q103: Which book illustrates the advantages of specialization
Q104: Your neighbor is mowing her yard one