A noneconomic good is also called:
A) a scarce good
B) a free good
C) a normative good
D) a positive good
Correct Answer:
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Q33: Scarcity is the fundamental concept of economics
Q34: Suppose that the demand for hamburgers in
Q35: The term, ceteris paribus, in economics means:
A)
Q36: The payment to land is:
A) rent
B) profit
C)
Q37: The US is an example of:
A) a
Q39: The payment to management is:
A) interest
B) profit
C)
Q40: A command economy could NOT be:
A) a
Q41: Most farm families:
A) rely on off-farm income
B)
Q42: Agriculture is:
A) global in nature
B) local in
Q43: If the price of corn increases, then:
A)
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