Refer to Scenario 18.1. When Curly made the loans to Moe, Larry, and Shemp, there were 500 coins' worth of receipts, so in total, the receipts were ________ backed by gold

Refer to the scenario above. Tom will receive ________ if he raises his left hand and Sam raises his right hand

A) 2 candy bars B) 3 candy bars C) 0 candy bars D) 1 candy bar

If scarcity was not a fact, a. people could have all they wanted of goods and services for free

b. it would no longer be necessary to make choices. c. poverty, defined as the lack of a minimum level of consumption would also be eliminated. d. all of the above would be true.