The problem of scarcity is directly relevant
A) only to developing countries low in resources.
B) only to those periods of history before mass production.
C) to all countries and all individuals.
D) only to those on low incomes.
E) only to those times when rationing has been enforced.
Correct Answer:
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Q2: Which of the following statements is incorrect?
Q3: Economists use the term 'capital' to mean
A)
Q4: In return for supplying factors of production,
Q5: Which of the following are factors of
Q6: _is related to wants and _ is related
Q7: A study of whether or not employers
Q8: A study of how increases in tax
Q9: Macroeconomics is the branch of economics that
Q10: Economists define the rate of inflation as
Q11: The cut in VAT to tackle the
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