Multiple Choice
The fundamental problem of economics is
A) that resources are too scarce to satisfy all wants simultaneously
B) how to balance the federal budget
C) deciding how large government should be
D) how to keep the unemployment rate below 4%
E) that firms have no way to know what consumers want to buy
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Suppose that everyone in the population of
Q2: A general definition of economics is the
Q3: Macroeconomics differs from microeconomics in that<br>A) microeconomics
Q4: Which of the following is an historically
Q6: Which of the following is not a
Q7: Which of the following is not a
Q8: Which of the following is not a
Q9: Modern market economies allocate resources primarily through<br>A)
Q10: Which of the following is probably the
Q11: Macroeconomics and microeconomics are complementary in that<br>A)