Economics is the study of:
A) determining an appropriate standard of living for all citizens of a country.
B) decision making regarding the use of scarce resources.
C) decision making about the best way to produce a combination of goods and services depicted by the production-possibilities curve.
D) calculating opportunity costs.
Correct Answer:
Verified
Q1: The science of economics has developed because:
A)
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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