Multiple Choice
Economic pundits are predicting that local construction markets will most likely experience an increase in steel prices of nearly 20% in a coming 48 months. This is due to a shortage of available steel which will not be enough for all the needs of projected construction companies. What is this an example of?
A) Uncontrolled greed
B) Under-planning
C) Scarcity
D) Over-consumption
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Which of the following is the correct
Q14: _ simply means the level of responsiveness
Q15: If a business is operating under perfect
Q16: Human capital consists of workers' skills and
Q17: Coffee has increased in price from $10
Q19: From an economist's standpoint, which of the
Q20: Johnson & Johnson managers have shifted production
Q21: Rogers Communication has over a dozen products
Q22: Which of the following is not one
Q23: Do normal goods always have a positive