Multiple Choice
If an economy is operating efficiently and with full employment, the production of more of one commodity will necessarily lead to less of something else being produced because of:
A) the unlimited wants of people.
B) perfectly adaptability of resources in the production of various goods.
C) scarcity.
D) the lack of money capital.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Which of the following is not capital?<br>A)
Q8: Efficient production implies that it is:<br>A) possible
Q9: During the Great Depression:<br>A) By 1933, 25
Q10: Use the following to answer question(s): <br>Exhibit:
Q11: Use the following to answer question(s): <br>Exhibit:
Q13: The proposition that states that as output
Q14: Use the following to answer question(s): <br>Exhibit:
Q15: If two countries participate in free trade:<br>A)
Q16: Assume that Brazil gives up 3 automobiles
Q17: In the Case in Point on economic