A resource is not scarce if
A) there is more of it than people want.
B) it can be found in any store.
C) people have enough money to pay for it.
D) it has a low opportunity cost.
E) its supply exceeds its demand.
Correct Answer:
Verified
Q1: Who faces the problem of scarcity?
A)Only the
Q2: From an economic perspective, people make decisions
Q3: The existence of scarcity implies that
A)economic interaction
Q5: People make decisions when doing something involves
A)no
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
Q11: Economics is the study of how people
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