Which of the following statements about economic interaction is not true?
A) It is a fact of economic life.
B) It requires a market.
C) It can occur within a family.
D) It makes our lives better.
E) It occurs only among different countries.
Correct Answer:
Verified
Q1: Economics is a study of
A)choices and interactions
Q3: The concept of scarcity,as used by economists,refers
Q4: Where do buyers and sellers meet?
A)In a
Q5: Economics is the study of how people
Q6: The reason,from an economic perspective,people are forced
Q6: A market is
A)a place where firms meet
Q7: An economic transaction occurs only in a
Q9: The basic economic problem is
A)lack of money.
B)unemployment.
C)poverty.
D)scarcity.
E)inflation.
Q11: The problem of scarcity is
A)a problem only
Q13: Scarcity applies to everyone regardless of income.
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