Multiple Choice
Relate the term scarcity to the action(s) it causes.
A) Scarcity causes developed nations to have more material goods than developing nations.
B) Scarcity causes fewer technological advances.
C) Scarcity forces people to want more material goods.
D) Scarcity forces everyone to make choices.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: What is an economic theory or model?
Q10: Economics is the study of how people:<br>A)
Q11: The subject of economics is primarily the
Q12: Which of the following is included in
Q15: People are forced to make choices because
Q16: The question "why do national economies grow"
Q17: All of the following are examples of
Q18: Select the positive statement that completes the
Q19: The central question in economics is how
Q188: Which of the following is a normative