Why do both households and societies face many decisions?
A) because resources are scarce
B) because populations may increase or decrease over time
C) because wages for households and therefore society fluctuate with business cycles
D) because people, by nature, tend to disagree
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
Q6: How are goods and services allocated in
Q8: What do economists study?
A) how people make
Q9: When does scarcity exist?
A) when there is
Q9: What do households and economies have in
Q12: What concept does economics primarily deal with?
A)
Q19: What does the adage, "There is no
Q19: What does economics study?
A) how society manages
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