The economizing problem is
What will be an ideal response?
the need to make choices because economic wants exceed economic means.
Economics
You might also like to view...
Comparative advantage in production of a good occurs
A. when a country can produce that good using fewer resources than could other countries. B. when a country can produce that good at a greater opportunity cost than could other countries. C. when a country can produce that good at a lower opportunity cost than could other countries. D. when a country has a greater supply of natural resources required to produce that good, compared to other countries.
Economics
A decrease in the price of a substitute shifts the demand curve to the _______
a. right b. left c. it does not change the demand curve d. none of the above
Economics