The study of economics
A) recognises that scarcity does not affect rich nations.
B) deals mainly with microeconomics.
C) arises from the fact that our wants exceed available resources.
D) focuses mainly on individual consumers.
Correct Answer:
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Q38: A graph shows that as fees to
Q39: Q40: Fred and Ann are both given free Q41: Q42: An economic model includes Q44: One economist says that raising taxes on Q45: The largest part of what Australia produces Q46: You notice that when interest rates increase, Q47: Economics is BEST defined as Q48: Human resources that perform the functions of
A)only normative statements.
B)only details
A)making choices from
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