An economy's resources:
A) consist of land, labor, capital, and entrepreneurial skills.
B) are unlimited in a country like the United States.
C) are always efficiently utilized in wealthy nations.
D) consist of land, labor, and entrepreneurial skills but not capital.
Correct Answer:
Verified
Q27: Inflation is an increase in the overall
Q34: Which of the following is an example
Q34: Scarcity means that:
A)human desires are limited.
B)resources are
Q35: Scarcity:
A) exists in command economies.
B) exists in
Q36: Because of scarcity:
A) we must sacrifice valuable
Q38: Scarcity implies that:
A) consumers are too poor
Q46: Which of the following is an example
Q49: All of the following are intangible except:
A)health.
B)love.
C)computer
Q50: Which of the following observations regarding economic
Q54: An example of physical capital is:
A)a $100
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