Multiple Choice
Resources are scarce
A) because there is always a greater demand for them than there is a supply of them
B) only if the resources are nonrenewable
C) only if the resources are renewable
D) because all resources are nonrenewable
E) because all resources are renewable
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Identify the following as topics for microeconomics
Q3: Which of the following signals a normative
Q4: The statement that a monopoly raises the
Q5: The circular flow model of the economy
Q6: Because consumers want more Baby Bigfeet dolls,
Q8: If a resource is nonrenewable and we
Q9: What can we conclude about our future
Q10: Which of the following activities would occur
Q11: When consumers decide what goods and services
Q12: Consumer sovereignty implies that<br>A) producers determine what