If all the world's resources were to magically increase a hundredfold, then:
A) the scarcity principle would still govern behavior.
B) economics would no longer be relevant.
C) the scarcity principle would disappear.
D) tradeoffs would become unnecessary.
Correct Answer:
Verified
Q1: The scarcity principle applies to:
A) all decisions.
B)
Q3: When a person decides to pursue an
Q4: The central concern of economics is:
A) poverty.
B)
Q5: Economics is best defined as the study
Q6: According to the cost-benefit principle:
A) the lowest
Q7: Forest is a mountain man living in
Q8: Josh wants to go to the football
Q9: Choosing to study for an exam until
Q10: The scarcity principle tells us that _,
Q11: Economic questions always deal with:
A) financial matters.
B)
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