As long as there are fixed resources, diminishing marginal returns will never exist
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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All economic questions are about
A) how to make money. B) what to produce. C) how to cope with scarcity. D) how to satisfy all our wants.
Economics
If the income elasticity of a particular good is negative 0.2, it would be considered
A) a superior good. B) a normal good. C) an inferior good. D) an elastic good.
Economics