Multiple Choice
If the quantity desired of something exceeds the amount available at zero price, that item is called
A) a service.
B) an economic good.
C) an intangible good.
D) a bad.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q37: All mutually beneficial trades have taken place.
Q48: What does a production possibilities curve show?
Q50: Refer to the above figure. If the
Q107: Economists argue that unhindered international trade leads
Q166: The existence of scarcity means that<br>A) there
Q202: Look at the following production possibilities table
Q292: Scarcity is<br>A) a shortage of goods and
Q298: If a person can make $70,000 as
Q298: One of the assumptions underlying the production
Q332: Distinguish between scarcity and shortages.