The fundamental problem of economics is
A) The law of increasing opportunity costs.
B) The scarcity of resources relative to human wants.
C) How to get government to operate efficiently.
D) How to create employment for everyone. Wants will always exceed resources.
Correct Answer:
Verified
Q2: A production possibilities curve indicates the
A)Combinations of
Q5: Opportunity cost may be defined as the
A)Goods
Q7: Capital,as economists use the term,refers to
A)The cash
Q10: A point on a nation's production possibilities
Q11: Which of the following is not one
Q12: Opportunity cost is
A) Measured only in dollars
Q12: Economics can be defined as the study
Q13: The opportunity cost of studying for an
Q17: Which of the following is the best
Q18: Which of the following is not a
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