Those things we like to have and consume are called
A) goods.
B) necessities.
C) needs.
D) impulse purchase items.
Correct Answer:
Verified
Q5: Opportunity costs arise from
A) scarcity.
B) poverty.
C) poor
Q6: Opportunity costs do not arise when
A) the
Q7: Opportunity cost is always
A) a financial cost.
B)
Q8: Economic theory asserts that altruistic behavior
A) involves
Q9: Economics has traditionally been referred to as
Q11: Economics is best defined as the
A) study
Q12: When does a decision NOT result in
Q13: Suppose you have four choices-go to a
Q14: Q15: 
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