Goods that are very useful and highly desired are likely to be
A) expensive if they are relatively abundant.
B) inexpensive if they are relatively abundant.
C) inexpensive if they are relatively rare.
D) expensive no matter if they are relatively abundant or rare.
B
You might also like to view...
A customs union is an organization of nations whose members:
a. have impenetrable trade barriers among themselves but impose no trade barriers on nonmembers. b. have no trade barriers among themselves but impose common trade barriers on nonmembers. c. have no trade barriers among themselves but each member country chooses its own trade policies toward nonmember countries. d. retaliate each other by raising reciprocal tariffs. e. neither have trade barriers among themselves nor impose any restriction on the nonmember countries.
Which of the following groups had the highest median income in the U.S. in 2008?
A. Hispanic B. White (non-Hispanic) C. Asian D. Black