Which of the following describes a problem created by scarcity?
A. The course you need to take in the fall is offered at times that conflict with your work schedule.
B. Your cell phone battery is low and you screen a phone call from a friend in case your significant other calls later.
C. The White House eliminates tours due to budget constraints.
D. All of these.
Answer: D
Economics
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When the U.S. Treasury sells gold, the immediate effect is that __________ and __________
A) reserves increase; currency in circulation decreases B) reserves decrease; currency in circulation increases C) reserves increase; Treasury deposits decrease D) reserves decrease; Treasury deposits increase
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What are the factors that can cause a shift in the production possibilities curve?
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