True/False
Scarcity of resources implies that people must make decisions consistent with the means they have available to them.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q49: An optimal decision is one that chooses<br>A)the
Q50: Which of the following characteristics of a
Q51: The division of labor generally refers to
Q52: The definition of efficiency implies that production
Q53: The term "satisficing" indicates an optimal choice.
Q55: Which of the following is a listing
Q56: How does scarcity affect the range of
Q57: If the production possibilities frontier for guns
Q58: The profit motive leads firms to use
Q59: The law of comparative advantage explains why<br>A)individuals