Which of the following statements about economic interaction is not true?
A) It is a fact of economic life.
B) It requires a market.
C) It can occur within a family.
D) It makes our lives better.
E) It requires people to make sacrifices by giving up what they may have otherwise.
Correct Answer:
Verified
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
Q12: Scarcity is a problem
A)only for poor countries.
B)only
Q13: Scarcity applies to everyone regardless of income.
Q15: Economics is a study of
A)choices and interactions
Q16: The economic problem is
A)a lack of money.
B)a
Q17: Economic interactions occur only in the presence
Q18: Choices are made in order to avoid
Q19: A budget constraint
A)does not occur if there
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