Multiple Choice
Which statement is NOT true?
A) Resource scarcity is a major economic concern in the rich countries of the world.
B) Most opportunity costs are zero.
C) An economic situation is in equilibrium when no individual would be better off taking a different action.
D) Very talented individuals,who can do most things better than most people,may still benefit greatly from specializing in doing one thing.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: If an economy has NOT achieved efficiency,there
Q13: Mr.Freezee operates a fleet of ice cream
Q14: When people in Brazil engage in trade
Q15: Which statement demonstrates how people respond to
Q16: I know when I shop at the
Q18: A trade-off involves weighing costs and benefits.
Q19: A choice made _ is a choice
Q20: Whenever a choice is made:<br>A)the cost of
Q21: Which statement is NOT one of the
Q22: An economic situation is in equilibrium when