Author Question: In a business cycle, a peak marks the end of an expansion and the beginning of a recession. a. True ... (Read 97 times)

DyllonKazuo · **on:** Jun 30, 2018

In a business cycle, a peak marks the end of an expansion and the beginning of a recession.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following statements are true?
a. Wealthy people face scarcity.
b. As a result of scarcity, individuals must make choices and face trade-offs.
c. It is impossible to satisfy unlimited human wants with limited resources.
d. All of the above are true statements.