The condition of scarcity:
a. prevails in poor economies.
b. cannot be eliminated.
c. prevails in rich economies.
d. All of these choices are correct.
d
Economics
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Technological change is the only reason for globalization.
Answer the following statement true (T) or false (F)
Economics
Refer to Table 2-2. Assume Nadia's Neckware only produces ascots and bowties. A combination of 24 ascots and 12 bowties would appear
A) along Nadia's production possibilities frontier. B) inside Nadia's production possibilities frontier. C) outside Nadia's production possibilities frontier. D) at the horizontal intercept of Nadia's production possibilities frontier.
Economics