Multiple Choice
Rational production decisions require an understanding of
A) trade-offs.
B) opportunity costs.
C) scarcity of resources.
D) All of the responses are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Economics only applies to<br>A)decision making by households.<br>B)decision
Q31: In order to make an optimal choice,
Q32: Resources are used to create goods and
Q33: Employment discrimination is a source of<br>A)economic inefficiency.<br>B)increased
Q34: Table 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Table 3-2
Q36: Increasing opportunity cost tends to occur if<br>A)management
Q37: A society must make three sorts of
Q38: Specialization and division of labor are made
Q39: List the three coordination decisions made by
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