What do households and economies have in common?
A) They both must allocate scarce resources.
B) They both face many decisions.
C) They both must allocate the goods and services they produce.
D) They both must have a central decision maker.
Correct Answer:
Verified
Q1: What is the economy experiencing when a
Q3: When is a good considered scarce in
Q3: What does economics study?
A)business
B)how society manages its
Q4: Which of the following goods best meets
Q9: When does scarcity exist?
A) when there is
Q10: Which word comes from the Greek word
Q12: What concept does economics primarily deal with?
A)
Q14: For society, when is a good NOT
Q19: What does the adage, "There is no
Q19: What does economics study?
A) how society manages
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