Which of the following sentences is the best example of scarcity of time?
A) Peter buys a hamburger.
B) John-Michael wants to spend his money on a new hoverboard.
C) Alexander is doing homework instead of going to the movies with his friends.
D) Amanda,a geography teacher,is retired.
E) Bill is unemployed.
Correct Answer:
Verified
Q2: Economists classify all of the following as
Q3: Alan is a retired economist who enjoys
Q6: Benjamin works as an economist for the
Q8: Economics is best described as the
A)study of
Q8: Economics:
A)studies human behavior when scarcity exists and
Q9: Economics is best defined as the study
Q10: The problem of scarce resources:
A)means that there
Q11: Michigan has an abundant supply of fresh
Q17: Because people's wants are unlimited but resources
Q33: When economists refer to capital, they might
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