The basic concern of economics is:
A) to keep business firms from losing money.
B) to prove that capitalism is better than socialism.
C) to study the choices people make.
D) to use unlimited resources to produce goods and services to satisfy limited wants.
Correct Answer:
Verified
Q2: Water is considered a scarce good rather
Q3: The concept of scarcity indicates that:
A) most
Q4: The problem of scarcity is confronted by:
A)
Q6: A scarce resource is one that:
A) is
Q13: Although water is very abundant in most
Q15: Scarcity in economics means:
A) not having sufficient
Q16: According to the textbook, economics is a:
A)
Q16: A non-free good is one that is:
A)
Q19: Economics is a:
A) social science that deals
Q38: Suppose that voters in your community pass
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