Author Question: Why does an economy need a rationing mechanism? A) because of scarcity B) because it preserves ... (Read 47 times)

craiczarry

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Why does an economy need a rationing mechanism?
 
  A) because of scarcity
  B) because it preserves the power of the wealthy
  C) because it eliminates poverty
  D) All of the above are correct.

Question 2

According to the above table, the opportunity cost of each additional computer in terms of televisions
 
  A) remains constant.
  B) falls as more computers are produced.
  C) increases as more computers are produced.
  D) is meaningless because the cost of computers cannot be expressed in terms of televisions.



morrie123456

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Answer to Question 1

A

Answer to Question 2

C



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