Multiple Choice
To state that the resources of the economy are finite implies that
A) we cannot live without them
B) we always want more of them
C) they are nonrenewable
D) at least some of them are renewable
E) there is a fixed quantity of them at any point in time
Correct Answer:
Verified
Correct Answer:
Verified
Q107: According to the textbook, what was Adam
Q108: When consumers decide that they do not
Q109: Most economic forecasts<br>A) are accurate<br>B) are more
Q110: Econometrics is the use of statistics to
Q111: Economics is a study of how<br>A) people
Q113: When economists hold factors other than the
Q114: Economists use _ economics to understand how
Q115: The circular flow model is an abstract
Q116: Read the following conversation and explain who
Q117: Households purchase goods and services in the<br>A)