Author Question: Every society must deal with the problem of scarcity because: a. people do not have enough money to ... (Read 139 times)

vicotolentino · **on:** Jun 30, 2018

Every society must deal with the problem of scarcity because:
a. people do not have enough money to buy everything they need.
b. government levies heavy taxes on households and firms.
c. human beings become satiated as consumption increases.
d. human wants are nearly unlimited relative to the availability of resources.
e. productive resources, technology, and labor are unlimited.

Question 2

According to the Global Watch, a recent study on Chilean bus drivers revealed that drivers who are paid by the number of passengers rather than by the hour were far more productive because:
a. bus drivers do not like to work that hard.
b. bus drivers are responding to average costs.
c. bus drivers don't like to work on the clockgetting paid by the hour.
d. bus drivers, like most of us, respond to incentives.