Which of the following is true?
a. Even intangible goods can be subjected to economic analysis
b. Wealthy individuals who decide to donate money to charity face the constraints of scarcity.
c. Increases in production would not enable us to eliminate scarcity.
d. All of the above
d
Economics
You might also like to view...
Answer the following questions true (T) or false (F)
1. Moral hazard refers to the actions people take after they have entered into a transaction that make the other party to the transaction worse off. 2. Vaccinations tend to result in a positive externality. 3. College education tends to result in a negative externality because the recipient does not receive the full benefit of the education.
Economics
Positive economics encourages value judgments.
a. true b. false
Economics