Author Question: Scarcity: a. exists in command economies. b. exists in market economies. c. exists only for the ... (Read 120 times)

LCritchfi · **on:** Jun 30, 2018

Scarcity:
a. exists in command economies.
b. exists in market economies.
c. exists only for the poor in any type of economy.
d. (a) and (b) above are correct

Question 2

The net national product (NNP) can be obtained from the GDP by:
a. subtracting depreciation.
b. subtracting net income of foreigners and depreciation.
c. including the net income of foreigners.
d. subtracting depreciation and indirect business taxes.