The scarcity principle tells us that __________, and the cost-benefit principle tells us __________.
A) choices must be made; how to make the choices
B) choices must be made; that the costs can never outweigh the benefits of the choices
C) rare goods are expensive; that the costs should outweigh the benefits of the choices
D) rare goods are expensive; that the costs can never outweigh the benefits of the choices
Correct Answer:
Verified
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
Q11: Economic questions always deal with:
A) financial matters.
B)
Q12: The logical implication of the scarcity principle
Q13: A rational person is one who:
A) is
Q14: Chris has a one-hour break between classes
Q15: Whether studying the size of the U.S.
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