This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about economic scarcity is FALSE? A) Scarcity occurs among the ... (Read 120 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 29, 2018
Which of the following statements about economic scarcity is FALSE?
 
  A) Scarcity occurs among the poor and the rich.
  B) Scarcity only occurs if there are shortages and people wait in line to buy things.
  C) Scarcity results from not having enough resources to produce all the things we want.
  D) Scarcity results in the necessity to make choices.

Question 2

In the production of goods and services, trade-offs exist because
 
  A) not all production is efficient.
  B) society has only a limited amount of productive resources.
  C) buyers and sellers often must negotiate prices.
  D) human wants and needs are limited at a particular point in time.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


penza

  • Member
  • Posts: 1,022
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Urinary catheterization. The procedure involves the insertion of a flexible tube, or catheter, throu Urinary catheterization. The procedure involves the insertion of a flexible tube, or catheter, throu
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Postreplication repair occurs if DNA replication Postreplication repair occurs if DNA replication
Video: Decubitus Ulcer

For a complete list of videos, visit our video library