The three basic characteristics of the economic perspective are:
A) Relative scarcity,purposeful behavior,and adaptability
B) Supply,demand,and equilibrium
C) Description,institutions,and facts
D) Prices,quantities,and incomes
Correct Answer:
Verified
Q1: The bulk of national income flows to:
A)land
Q2: Which one of the following topics is
Q4: Which one of the following topics is
Q5: Because resources are scarce relative to human
Q6: According to a newspaper account from Washington
Q7: Because scarcity forces people to make purposeful
Q8: The "old" view of labor economics stresses
Q9: Nobel Laureate Gary Becker is known for
Q10: Labor economics is studied as a distinct
Q11: The concept of demand must be modified
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