Which of the following would NOT be true in a world without scarcity?
A) There would be no need for the science of economics.
B) Everyone would have all the goods and services they wanted.
C) There would have to be an infinite supply of every resource.
D) There would be opportunity costs.
Correct Answer:
Verified
Q2: From which Greek words is the word
Q3: What does economics study?
A)business
B)how society manages its
Q4: Which of the following goods best meets
Q8: Economists study
A)how people make decisions.
B)how governments interact
Q9: When does scarcity exist?
A) when there is
Q9: Which of the following is NOT included
Q10: Which of the following statements is NOT
Q11: What does economics study?
A)how society manages its
Q12: What is the word that comes from
Q16: In most societies, who allocates resources?
A) a
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