This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about economic scarcity is FALSE? A) Scarcity occurs among the ... (Read 131 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 29, 2018
Which of the following statements about economic scarcity is FALSE?
 
  A) Scarcity occurs among the poor and the rich.
  B) Scarcity only occurs if there are shortages and people wait in line to buy things.
  C) Scarcity results from not having enough resources to produce all the things we want.
  D) Scarcity results in the necessity to make choices.

Question 2

In the production of goods and services, trade-offs exist because
 
  A) not all production is efficient.
  B) society has only a limited amount of productive resources.
  C) buyers and sellers often must negotiate prices.
  D) human wants and needs are limited at a particular point in time.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


penza

  • Member
  • Posts: 1,022
Reply 2 on: Jun 29, 2018
:D TYSM

  • Member
  • Posts:
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Medication errors are three times higher among children and infants than with adults.

How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ... How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ...
Examples of Mission Statements Examples of Mission Statements
economic economic
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
In the drawing of acetaldehyde, CH3CHO, the largest partial negative charge (-) occurs on In the drawing of acetaldehyde, CH3CHO, the largest partial negative charge (-) occurs on
economic question economic question
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library