To economists, scarcity means that
A) the number of people without jobs rises when economic times are bad.
B) unlimited wants cannot be satisfied by the limited resources.
C) limited wants cannot be satisfied by the unlimited resources.
D) there can never be answers to the what, how or for whom questions.
E) a person looking for work is not able to find work.
B
Economics
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Foreign direct investment that takes the form of purchasing an existing plant is often called:
a. acquisition FDI. b. greenfield FDI. c. requisition FDI. d. brownstone FDI.
Economics
In the above table, the average total cost of producing 14 units of output is
A) $5.71. B) $6.75. C) $7.00. D) $7.86.
Economics