As a consequence of the problem of scarcity
A. only some people can "have it all."
B. there is never enough of anything.
C. individuals have to make choices from among alternatives.
D. things that are plentiful have relatively high prices.
Answer: C
Economics
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Based on the model of the money market, if the Federal Reserve increases the reserve requirement, the equilibrium interest rate should
A) stay the same. B) increase. C) decrease. D) increase to the same extent that the demand for money increases.
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Demand applies to which of the following?
A) fast food B) criminal activity C) labor market D) all of the above
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