Scarcity exists because
A) some individuals have low income.
B) some people make bad economic decisions.
C) people take too much leisure time.
D) the costs of production are high.
E) human wants exceed the resources available to satisfy them.
Correct Answer:
Verified
Q40: In order to make a rational choice,
Q41: Suppose you decide to attend summer school
Q42: A positive statement
A)might be right or wrong.
B)cannot
Q43: An independent relationship between two variables is
Q44: A rational choice is one that
A)always turns
Q46: On a graph showing the relationship between
Q47: Most economic graphs have two lines perpendicular
Q48: In making your decision whether to take
Q49: When people make rational choices, they
A)weigh the
Q50: Choices that are best for the individuals
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