The problem of scarcity:
a. exists because resources are limited relative to wants
b. exists because resources are unlimited relative to wants.
c. can be eliminated through appropriate government intervention into markets.
d. does not exist in communist societies.
a
Economics
You might also like to view...
If the interest rate is 4 percent, the present value of $10,000 to be received one year from today is about
A) $9,246. B) $9,615. C) $10,816. D) $10,400.
Economics
A cut in the payroll tax will tend to cause, other things the same, ________
A) a change in aggregate demand, with no effect on supply B) a change in both aggregate demand and supply C) a change in aggregate supply, with no effect on demand D) no change in either aggregate demand or supply
Economics