Solved

As a Consequence of the Condition of Scarcity

Question 72

Multiple Choice

As a consequence of the condition of scarcity:


A) there is always enough of everything.
B) production has to be centrally planned.
C) things which are plentiful have relatively high prices.
D) individuals and communities have to make choices among alternatives.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: An economy will always operate at some

Q46: Marginal analysis means that decision makers compare

Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q68: A production possibilities curve shows:<br>A)that resources are

Q71: The budget line shift from cd to

Q73: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q74: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Answer on the

Q153: In a linear equation relating income and

Q262: Which of the following statements is not

Q352: In moving along a given budget line,<br>A)the