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Author Question: Resources are divided into the following broad categories: a. people, money, and machines b. ... (Read 226 times)

theo

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on: Jul 1, 2018
Resources are divided into the following broad categories:
 a. people, money, and machines
  b. saving, spending, investment, and capital
  c. human, technological, and government
  d. natural resources, labor, capital, and entrepreneurial ability
  e. free, scarce, abundant, and unlimited

Question 2

Because resources are scarce,
 a. opportunity costs are zero
  b. people must make choices among alternatives
  c. all human wants and desires can be satisfied
  d. resource prices are fixed
  e. commodities are free


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bigsis44

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


theo

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

bbburns21

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Reply 3 on: Yesterday
Wow, this really help

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