Which of the following is not a direct result of scarcity?
A) Buildings in New York City are taller than buildings in Greenville, SC due to fewer acres of land per person.
B) Due to high gas prices, Shana decides to trade her Chevy Tahoe for a Honda Accord.
C) A college student misses a test review in order to get a few more hours of sleep.
D) The energy industry is searching for a way to store the extra power generated by renewable energy.
Correct Answer:
Verified
Q32: Scarcity reflects our inability to satisfy wants
Q33: The problem of having unlimited wants under
Q34: Which of the following statements about scarcity
Q35: When we believe the best result will
Q36: Scarcity can best be defined as a
Q38: Mimi gets a job twenty miles from
Q39: Suppose Hassan wants to rent a house
Q40: The assumption of rational behavior:
A) offers a
Q41: Suppose a university offers college seniors one
Q42: Opportunity cost:
A) only includes explicit, out-of-pocket expenses.
B)
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