Multiple Choice
The economizing problem is
A) the need to make choices because economic wants exceed economic means.
B) how to distribute resources equally among all members of society.
C) that people's means often exceed their wants.
D) that people do not know how to rationally allocate resources.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: In graphing a relationship between two variables,
Q33: Assume that a consumer has a given
Q34: Choices entail marginal costs because resources are
Q35: The slope of a graph measures the
Q36: A person should consume more of something
Q38: When economists talk about the capital resources
Q39: Positive statements are expressions of value judgments.
Q40: An increase in immigration would shift the
Q41: When firms give away "freebies" like free
Q42: A positive statement is concerned primarily with<br>A)some