Multiple Choice
Scarcity exists because of:
A) the allocation of goods by prices.
B) specialization and division of labor.
C) the market mechanism.
D) unlimited wants and limited resources.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q83: In the discussion of correlation and causation,
Q84: Which of the following statements can explain
Q85: Microeconomic topics do not usually include:<br>A)how wages
Q86: A theory asserts that consumers will purchase
Q87: In order to determine if a hypothesis
Q89: Explain why economists believe that an individual
Q90: A leading game-console manufacturer slashes the price
Q91: The branch of economics that focuses on
Q92: The beginning point of a graph (the
Q93: Economists use theories to:<br>A)abstract from the complexities