Multiple Choice
Which statement is NOT true according to standard economic theory?
A) Resources are scarce when they can satisfy everyone's wants.
B) The true cost of a choice is what you must give up to enjoy that choice.
C) People typically make choices that will make them better off.
D) Rational people use marginal analysis when making "how much" decisions.
Correct Answer:
Verified
Correct Answer:
Verified
Q79: How people choose among the alternatives available
Q80: You are planning to study eight hours
Q81: If the value of beach-front property in
Q82: Which statement is CORRECT?<br>A)Resource scarcity is not
Q83: Individuals gain from trade because:<br>A)of specialization in
Q85: Opportunity cost is:<br>A)about half of the monetary
Q86: The study of economics arises because of
Q87: One parent picks up the child from
Q88: Which statement is NOT one of the
Q89: Which of the following questions would NOT