Which of the following observations regarding economic goods is incorrect?
A) They are limited in supply.
B) They are desirable.
C) They are solely low-priced essential goods.
D) They are scarce goods created from scarce resources
Correct Answer:
Verified
Q45: Which of the following is an example
Q46: Which of the following is an example
Q47: To economists, the resource category land includes
Q48: Which of the following is not an
Q49: All of the following are intangible except:
A)health.
B)love.
C)computer
Q51: Every time an individual decides to try
Q52: Resources are
A)scarce for households but abundant for
Q53: The function of an entrepreneur is to:
A)bear
Q54: An example of physical capital is:
A)a $100
Q55: An example of a capital resource is:
A)stock
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