A situation where limited resources make it impossible to fulfill all of our wants is known as
A) scarcity.
B) opportunity cost.
C) a trade-off.
D) responding to incentives.
A
Economics
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Vertical integration can sometimes be used to
a. Avoid paying higher taxes b. Reward the retailer for undertaking the risk inherent in introducing a new product c. Serve as a "signal" of the manufacturer's belief of the likely success of his product d. All of the above
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If the government increases its military spending, the aggregate demand curve shifts to the right
Indicate whether the statement is true or false
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