The fact that human wants cannot be fully satisfied with available resources is called the problem of
A) opportunity cost.
B) scarcity.
C) normative economics.
D) marginal cost.
E) the big tradeoff.
Correct Answer:
Verified
Q1: The determination of prices in individual markets
Q2: The study of how wages are set
Q4: Which of the following is a microeconomic
Q5: Which of the following is the best
Q6: Which of the following would be considered
Q7: Which of the following newspaper headlines concerns
Q8: The branch of economics that studies the
Q9: Complete the following sentence.Microeconomics is
A)not concerned with
Q10: In a world characterized by scarcity
A)all goods
Q11: The problem of scarcity exists
A)only in economies
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