Author Question: Economic goods are A) abundant goods, about which we must constantly make decisions about their ... (Read 70 times)

lak · **on:** Jun 29, 2018

Economic goods are

A) abundant goods, about which we must constantly make decisions about their best use.
B) all imaginable items from which individuals derive satisfaction or happiness.
C) goods that are scarce, for which the quantity demanded exceeds the quantity supplied at a zero price.
D) goods that are scarce, for which the quantity demanded exceeds the quantity supplied at any price.

Question 2

Which of the following would most likely NOT be taught in a microeconomics course?

A) changes in prices of automobiles
B) the effects of a gas tax on gas purchases
C) the effect of an increase in wheat prices on farmers' behavior
D) the unemployment rate