The basic economic problem is:
A) inflation.
B) unemployment.
C) poverty.
D) scarcity.
E) lack of money.
Correct Answer:
Verified
Q28: Which of the following statements is true?
A)Goods
Q29: Which of the following sayings best represents
Q30: The concept of scarcity as used by
Q31: Opportunity cost is best defined as the:
A)sum
Q32: To say that something is scarce means
Q34: To say that there is a scarcity
Q35: Which of the following statements is false?
A)Economists
Q36: Economics is the study of:
A)the allocation of
Q37: Which economic concept is illustrated by the
Q38: If you must make a choice about
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