Multiple Choice
The economizing problem is one of deciding how to make the best use of
A) virtually unlimited resources to satisfy virtually unlimited wants.
B) limited resources to satisfy virtually unlimited wants.
C) unlimited resources to satisfy limited wants.
D) limited resources to satisfy limited wants.
Correct Answer:

Verified
Correct Answer:
Verified
Q108: Because of increasing opportunity costs, the production
Q109: The concept of opportunity cost<br>A) is irrelevant
Q110: The question below is based on the
Q111: (Last Word) The fallacy of composition states
Q112: Any combination of goods lying outside of
Q114: The law of increasing opportunity costs is
Q115: Macroeconomics can best be described as the<br>A)
Q116: The study of global businesses such as
Q117: Which of the following will shift the
Q118: If we say that two variables are