The basic concern of economics is to:
A) keep business firms from losing money.
B) prove that capitalism is better than socialism.
C) study the choices people make.
D) use unlimited resources to produce goods and services to satisfy limited wants.
Correct Answer:
Verified
Q6: A scarce resource is one that:
A) is
Q7: The existence of alternative uses of a
Q8: Which of the following is most likely
Q9: Economics, generally speaking, is primarily concerned with:
A)
Q10: Scarcity exists when:
A) a choice must be
Q12: A(n) _ does not pose the problem
Q13: Although water is very abundant in most
Q14: The opportunity cost of going to a
Q15: Scarcity in economics means:
A) not having sufficient
Q16: According to the textbook, economics is a:
A)
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