Economists generally define economic growth as an increase in ...

[kfurse]

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]

Answer to Question 1

True

Answer to Question 2

e