Author Question: Which of the following is true a. To choose is to lose. b. Scarcity forces us to compete, but not ... (Read 18 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
Which of the following is true
 a. To choose is to lose.
 b. Scarcity forces us to compete, but not to choose.
 c. Scarcity forces us to choose, but not to compete.
 d. Economic principles would be irrelevant if scarcity was eliminated.

Question 2

In some rural regions of the United States, residents harvest much of their food supplies directly from nature by hunting, fishing, and gathering. With regard to these subsistence activities:
 a. GDP will overestimate the true value of the nation's production of final goods and services.
 b. GDP will underestimate the true value of the nation's production of final goods and services only when the income approach is used.
  c. GDP will correctly estimate the true value of the nation's production of final goods and services.
 d. GDP will underestimate the true value of the nation's production of final goods and services.



atrochim

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

For a complete list of videos, visit our video library