To say that something is scarce means that:
a. it is no longer available in stores.
b. it must be conserved at any cost.
c. even the government cannot supply it.
d. sufficient amounts of it available only at a zero price.
e. not enough is available to satisfy people's wants at a zero price.
e
Economics
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Alex is hired as a sales agent and receives 10% commission on the sales price. The contract he signed is a
A) fixed-fee contract. B) hire contract. C) contingent contract. D) sharing contract.
Economics
Expected values are
a. Values that you expect from an individual b. Mean values c. Weighted average outcomes d. Both B&C
Economics