Multiple Choice
No society can provide its citizens with everything that they want because of
A) greedy politicians
B) lazy workers
C) an educational system that does not provide hands on experience
D) firms that strive to maximize profits
E) a scarcity of resources
Correct Answer:
Verified
Correct Answer:
Verified
Q93: If an economic model includes an assumption
Q94: An assumption that makes an economic model
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
Q99: The ultimate purpose of an economic model
Q100: Due to a scarcity of resources,<br>A) governments
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