Multiple Choice
Natural resources are
A) not considered scarce because no one pays for them
B) only desired for use in producing other goods
C) included in the category of resources called gifts of nature
D) available in unlimited quantities
E) not considered scarce because they are not produced by society
Correct Answer:

Verified
Correct Answer:
Verified
Q40: The fact that people have unlimited wants
Q41: An entrepreneur<br>A)always makes a profit<br>B)generally avoids risky
Q42: Rent is the payment received by resource
Q43: Economics employs a scientific methodology.In part, this
Q44: One of the difficulties with an economic
Q46: An example of a positive economic statement
Q47: All economic models must involve simplifications because<br>A)economists
Q48: Economics studies how decision makers use scarce
Q49: An economic model will produce poor predictions
Q50: Which of the following is a positive