Economics is the study of how people deal with
A) unlimited resources.
B) too much money.
C) scarcity.
D) limited human wants.
E) a lack of choices.
Correct Answer:
Verified
Q6: A market is
A)a place where firms meet
Q7: If a resource is always available when
Q8: Economics deals with how
A)individuals make decisions to
Q9: Buyers and sellers interact in a
A)government.
B)face-to-face forum.
C)family.
D)market.
E)classroom.
Q10: Economics is the study of how individuals
Q12: Scarcity is a problem
A)only for poor countries.
B)only
Q13: Scarcity applies to everyone regardless of income.
Q14: Which of the following statements about economic
Q15: Economics is a study of
A)choices and interactions
Q16: The economic problem is
A)a lack of money.
B)a
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