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Author Question: Economists generally define economic growth as an increase in real income per capita. a. True b. ... (Read 48 times)

kfurse

  • Hero Member
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  • Posts: 590
on: Jun 30, 2018
Economists generally define economic growth as an increase in real income per capita.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is a result of scarcity?
 a. Costs are incurred in making choices.
  b. We attempt to utilize our resources as efficiently as possible.
  c. We must make choices between production possibilities.
  d. We are unable to produce all we would like to produce.
  e. All of these.


jesse.fleming

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

e


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