Multiple Choice
Due to a scarcity of resources,
A) governments should decide what should be produced
B) the government must decide how to allocate available resources
C) some members of each society must live in poverty
D) every society must choose among competing uses of available resources
E) resource availability exceeds the possible uses for available resources
Correct Answer:

Verified
Correct Answer:
Verified
Q95: Even if economic theory is based on
Q96: Which of the following explains why economists
Q97: Positive economics deals with<br>A) theories about improving
Q98: No society can provide its citizens with
Q99: The ultimate purpose of an economic model
Q101: The level of detail in an economic
Q102: For an individual,opportunity costs<br>A) decrease as consumption
Q103: The price that a firm's only competitor
Q104: In the United States,individuals are forced to
Q105: Macroeconomics focuses on the behavior of economic