What do households and economies have in common?
A) They both must allocate scarce resources.
B) They both face difficulties saving money.
C) They both must sell the goods and services they produce.
D) They both must have a central decision maker.
Correct Answer:
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Q2: Why do both households and societies face
Q3: When is a good considered scarce in
Q4: Which word comes from the Greek word
Q5: Approximately what percentage of the world's economies
Q6: How are goods and services allocated in
Q7: From which of the following is the
Q8: What do economists study?
A) how people make
Q9: When does scarcity exist?
A) when there is
Q10: What concept is illustrated by the adage,
Q11: What is NOT included in the decisions
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