The question of scarce resources and unlimited wants is addressed in
A) psychology
B) history
C) political science
D) economics
E) anthropology
Correct Answer:
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Q162: All production involves an opportunity cost because
A)
Q164: A microeconomist might study which of the
Q164: Kate takes a part-time job and the
Q165: For society as a whole,producing more of
Q166: Which if the following is a normative
Q167: Opportunity costs arise in production because
A) resources
Q170: Scarcity means that society must make
A)goods
B)services
C)natural resources
D)output
E)choices
Q171: A consultant who earns $100 per hour
Q171: Entrepreneurship is typically identified with which of
Q172: Because resources are scarce,if society produces more
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