Scarcity:
A) is the fundamental principle of economics
B) applies to tangible goods, but not to intangible goods
C) does not hold for the major religions of the world
D) explains why we purchase ipods and trips to Florida
Correct Answer:
Verified
Q15: If the price of corn increases:
A) producers
Q16: In economics, the term, "capital" refers to:
A)
Q17: The statement, "The price of soybeans is
Q18: Economic decisions are made by:
A) relative prices
B)
Q19: A market economy:
A) allocates good by prices
B)
Q21: If China continues to have high rates
Q22: The relationship between the price of a
Q23: Total Revenues are equal to:
A) price times
Q24: If the price of organic food decreases
Q25: A phone call is an example of
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