A phone call is an example of a:
A) relative good
B) good
C) service
D) input
Correct Answer:
Verified
Q20: Scarcity:
A) is the fundamental principle of economics
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
Q26: North Korea is an example of a:
A)
Q27: Economics exists because of:
A) markets
B) resources
C) production
D)
Q28: Economics:
A) helps us make business, career, and
Q29: In a command economy, resources are allocated
Q30: The massive consolidation of farms in the
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