The science of economics has developed because:
A) countries are always attempting to produce the maximum amount of goods and services.
B) resources used to produce goods and services are scarce.
C) countries are trying to reach their production-possibilities curve.
D) unemployment is a serious social and economic problem that has not been completely solved.
Correct Answer:
Verified
Q2: Economics is the study of:
A) determining an
Q3: Scarcity:
A) is a problem that third-world countries
Q4: The discussion regarding cod fishery in the
Q5: Scarcity could be reduced if:
A) we all
Q6: The science of economics is primarily concerned
Q7: Economics deals primarily with the problems created
Q8: An example of a capital resource is:
A)
Q9: The fundamental concept in the study of
Q10: In 2006, Canada's population was approximately:
A) 20
Q11: In 2004-2005, the province or territory with
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