Scarcity: a. exists in command economies. b. exists in market ...

[LCritchfi]

Scarcity:
 a. exists in command economies.
 b. exists in market economies.
 c. exists only for the poor in any type of economy.
  d. (a) and (b) above are correct

Question 2

The net national product (NNP) can be obtained from the GDP by:
 a. subtracting depreciation.
 b. subtracting net income of foreigners and depreciation.
  c. including the net income of foreigners.
 d. subtracting depreciation and indirect business taxes.

[milbourne11]

Answer to Question 1

d

Answer to Question 2

b

[LCritchfi]

Thanks for the timely response, appreciate it

[steff9894]

Excellent