Individuals are forced to make choices because

a. wants are unlimited.
b. the supply of resources is infinite.
c. wants are unlimited and resources are scarce.
d. resources exceed wants.

c. wants are unlimited and resources are scarce.

Economics

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There are fewer workers per retiree today contributing to Social Security than there were in the 1960s

Indicate whether the statement is true or false

Economics

When the domestic currency is initially undervalued in a fixed exchange rate regime, the central bank must intervene in the foreign exchange market to ________ the domestic currency, thereby allowing the money supply to ________

A) purchase; decline B) sell; decline C) purchase; increase D) sell; increase

Economics