Economic interactions occur only in the presence of government.
Correct Answer:
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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
Q18: Choices are made in order to avoid
Q19: A budget constraint
A)does not occur if there
Q20: The concept of scarcity refers to
A)a situation
Q21: Stephanie has only one hour to study
Q22: Exhibit 1-2 
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