The problem of determining what goods and services society should produce exists because:
A) resources are plentiful.
B) resources are scarce.
C) most of our resources are privately rather than socially owned.
D) most of our resources are socially rather than privately owned.
Ans: B) resources are scarce.
Economics
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Look at today's Wall Street Journal. What is the leading economic news story? With which of the big economic questions does it deal and what tradeoffs does it discuss or imply?
What will be an ideal response?
Economics
One of the earliest practitioners of an infant industry policy was
a. Brazil b. Ghana c. India d. The United States e. none of the above
Economics