Author Question: Which of the following is true a. To choose is to lose. b. Scarcity forces us to compete, but not ... (Read 55 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
Which of the following is true
 a. To choose is to lose.
 b. Scarcity forces us to compete, but not to choose.
 c. Scarcity forces us to choose, but not to compete.
 d. Economic principles would be irrelevant if scarcity was eliminated.

Question 2

In some rural regions of the United States, residents harvest much of their food supplies directly from nature by hunting, fishing, and gathering. With regard to these subsistence activities:
 a. GDP will overestimate the true value of the nation's production of final goods and services.
 b. GDP will underestimate the true value of the nation's production of final goods and services only when the income approach is used.
  c. GDP will correctly estimate the true value of the nation's production of final goods and services.
 d. GDP will underestimate the true value of the nation's production of final goods and services.



atrochim

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

For a complete list of videos, visit our video library