Multiple Choice
People and organizations have to make choices about how to allocate time and money because
A) government requires it
B) corporations control our lives
C) time and money are both scarce
D) religious values conflict with economics
E) there are unlimited resources
Correct Answer:
Verified
Correct Answer:
Verified
Q81: Economics is the study of<br>A) scarcity under
Q82: A critical assumption is one<br>A) that affects
Q83: Macroeconomics is the branch of economics that
Q84: Economics is the study of<br>A) how to
Q85: Suppose two economists agree about who would
Q87: Suppose two economists disagree about who would
Q88: A professional basketball players' union negotiates a
Q89: The overall performance of the economic system
Q90: Normative economics deals with<br>A) how the economy
Q91: Opportunity costs arise because of resource scarcity.