Multiple Choice
The problem of scarcity is directly relevant
A) only to developing countries low in resources.
B) only to those periods of history before mass production.
C) to all countries and all individuals.
D) only to those on low incomes.
E) only to those times when rationing has been enforced.
Correct Answer:
Verified
Correct Answer:
Verified
Q38: The total amount of output in the
Q39: From the point of view of Nissan<sup>TM</sup><sup>,</sup><sup>
Q40: How do economists define unemployment?<br>
Q41: Which of the following are factors of
Q42: Economists define the rate of inflation as
Q43: Marginal costs are the total costs of
Q44: Suggest some demand- side policies that a
Q46: The total of consumer spending in the
Q47: If the marginal benefit exceeds the marginal
Q48: Define what you consider to be the