Scarcity can be eliminated if:
a. people satisfy needs rather than wants.
b. sufficient new resources were discovered.
c. output of goods and services were increased.
d. none of these.
d
Economics
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What is the macroeconomic consequence if firms accumulate large amounts of unplanned inventory at the beginning of a recession?
What will be an ideal response?
Economics
Which of the following would cause a firm's cost curves to shift upward?
a. a reduction in resource prices b. a decrease in taxes c. an improvement in technology d. an increase in government regulations
Economics