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Author Question: Scarcity requires that we A) produce efficiently. B) learn to limit our wants. C) have the most ... (Read 60 times)

urbanoutfitters

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on: Jun 29, 2018
Scarcity requires that we
 
  A) produce efficiently.
  B) learn to limit our wants.
  C) have the most rapid economic growth possible.
  D) have unlimited resources.
  E) make choices about what goods and services to produce.

Question 2

Surplus value that is lost because something is keeping the market from functioning as well as it can is called
 
  A) a tax.
  B) a subsidy.
  C) rent seeking.
  D) deadweight loss.


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ms_sulzle

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


urbanoutfitters

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

helenmarkerine

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Reply 3 on: Yesterday
Excellent

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