In economics
A) both resources and wants are limited.
B) both resources and wants are unlimited.
C) resources are limited but wants are unlimited.
D) resources are unlimited but wants are limited.
Answer: C
You might also like to view...
Which of the following is responsible for decision making regarding the purchase and sale of bonds by the Fed?
a. the chairman of the Board of Governors of the Federal Reserve System b. the Federal Open Market Operations Committee c. the U.S. Secretary of Treasury d. the president, with the advice and consent of the chairman of the Council of Economic Advisers.
As a result of their experiment economists Muriel Niederle and Lise Vesterlund found that
a. women choose competitive environments more than men. b. women and men choose competitive environments equally. c. women choose competitive environments less than men. d. women are just as likely as men to have high-paying corporate jobs.