An economy's resources:
A) include land, labor, capital, and entrepreneurial skills.
B) are unlimited in a country like the United States.
C) are always efficiently utilized in wealthy nations.
D) consist of land, labor and capital, but not entrepreneurial skills.
Correct Answer:
Verified
Q25: Scarce goods are:
A)desirable and unlimited in amount.
B)undesirable
Q26: Scarcity applies to:
A)only the poor.
B)the value of
Q27: Inflation is an increase in the overall
Q28: Scarcity:
A)is only a problem in communist countries.
B)is
Q29: Which of the following is false?
A)A resource
Q31: Market failure is a term used to
Q32: Government price controls make communication of information
Q33: Scarcity:
A)exists in command economies.
B)exists in market economies.
C)exists
Q34: Scarcity means that:
A)human desires are limited.
B)resources are
Q35: Which of the following is false?
A)Tangible goods
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