Multiple Choice
The concept of scarcity applies equally to Bill Gates and a homeless person because:
A) both have the same legal rights protected by the U.S. constitution.
B) they have the same access to the markets for goods and services.
C) there are only 24 hours in the day for both of them.
D) they are both consumers.
Correct Answer:
Verified
Correct Answer:
Verified
Q71: Economists frequently talk about the importance of
Q72: When economists say there is no such
Q73: If you are a macroeconomist, you might
Q74: Most real world economic systems are:<br>A) pure
Q75: All of the following statements, except one,
Q77: Forest is a mountain man living in
Q78: The provincial government of British Columbia has
Q79: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10399/.jpg" alt=" -Referring to Figure
Q80: Studying the causes of unemployment is an
Q81: A mixed economy is best described by