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Author Question: Why does an economy need a rationing mechanism? A) because of scarcity B) because it preserves ... (Read 59 times)

craiczarry

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on: Jun 29, 2018
Why does an economy need a rationing mechanism?
 
  A) because of scarcity
  B) because it preserves the power of the wealthy
  C) because it eliminates poverty
  D) All of the above are correct.

Question 2

According to the above table, the opportunity cost of each additional computer in terms of televisions
 
  A) remains constant.
  B) falls as more computers are produced.
  C) increases as more computers are produced.
  D) is meaningless because the cost of computers cannot be expressed in terms of televisions.


morrie123456

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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