Goods and services are limited in supply because:
A) people are greedy.
B) they are produced using scarce resources.
C) people have limited wants.
D) they are produced by firms that seek profits.
E) the government wants to maintain its power over the economy.
Correct Answer:
Verified
Q29: Goods and services are bought and sold
Q30: In economics, capital refers to:
A) wages earned
Q31: Which of the following is a service?
A)
Q32: Resources can be divided into _.
A) people,
Q33: The payment in return for the use
Q35: As goods and services are scarce, _.
A)
Q36: Resources are bought and sold in:
A) product
Q37: Entrepreneurial ability is rewarded by _.
A) profit
B)
Q38: The payment in return for the use
Q55: Unlike a "service, " a "good"
A)is desirable
B)uses
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