The basic problem that gives rise to the study of economics is the need to:
A) control the effects of actions by foreign governments.
B) be sure all the goods and services produced in an economy get sold.
C) use scarce resources to satisfy people's unlimited material wants and needs.
D) control people's tastes and wishes so that the available resources can produce all the goods and services they want.
Correct Answer:
Verified
Q1: The basic reason we study economics is
Q3: The basic concern of economics is:
A) to
Q4: Economics is concerned with:
A) earning as much
Q5: The "economic problem"exists because:
A) for the first
Q6: There would be no need to study
Q7: Which of the following statements is FALSE?
A)
Q8: Scarcity is a problem faced by:
A) households,
Q9: In economics, scarcity refers to the fact
Q10: We study economics to:
A) understand how an
Q11: Because resources are scarce, individuals must:
A) learn
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