Multiple Choice
Scarcity implies that
A) people should limit their wants, since shortages exist.
B) firms should be more efficient when producing goods.
C) people must make choices.
D) nonrenewable resources should never be used.
Correct Answer:
Verified
Correct Answer:
Verified
Q107: Economists argue that unhindered international trade leads
Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q109: Scarcity exists because<br>A) there is a temporary
Q110: When an economy sacrifices production of consumption
Q111: Wants<br>A) is another term for needs.<br>B) refer
Q113: A country that must reduce current consumption
Q114: Assume that Economy A and Economy B
Q115: Which of the following is a TRUE
Q116: It is correct to state that a
Q117: Services can be thought of as<br>A) unvalued