Multiple Choice
Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries.
-A good or service is said to be scarce when:
A) its price is too low.
B) it is offered only to high income earners.
C) no one wishes to purchase it.
D) it cannot be transported easily.
E) at a price of zero, there is not enough to satisfy everyone's desire for it.
Correct Answer:

Verified
Correct Answer:
Verified
Q58: Figure 5.1. The figure shows a linear
Q59: Figure 5.2. The figure shows the supply
Q60: Figure 5.3. The figure shows the wage
Q61: Figure 5.3. The figure shows the wage
Q62: Figure 5.3. The figure shows the wage
Q63: Figure 5.2. The figure shows the supply
Q64: Figure 5.2. The figure shows the supply
Q65: Figure 5.3. The figure shows the wage
Q66: Figure 5.2. The figure shows the supply
Q68: Figure 5.1. The figure shows a linear