Economics is concerned with:
A) the choices people must make because resources are scarce.
B) human decision makers and the factors that influence their choices.
C) the allocation of limited resources to satisfy virtually unlimited desires.
D) all of the answers are correct.
Correct Answer:
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Q3: Economics is primarily the study of:
A)human greed.
B)how
Q4: Scarcity means that:
A)human desires are limited.
B)resources are
Q6: Economics is primarily the study of:
A)how choices
Q7: Economics is a science that:
A)typically uses controlled
Q8: Fundamentally, economics is concerned with:
A)how scarce resources
Q10: The fundamental economic problem is:
A)poverty.
B)unemployment.
C)scarcity.
D)government intervention into
Q11: The problem of scarcity:
A)exists because resources are
Q30: Scarcity is the result of:
A)government decision making.
B)inappropriate
Q36: The central question in economics is how
Q38: Scarcity implies that:
A) consumers are too poor
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