The overriding reason why households and societies face many decisions is that
A) resources are scarce.
B) goods and services are not scarce.
C) incomes fluctuate with business cycles.
D) people, by nature, tend to disagree.
Correct Answer:
Verified
Q99: What does the "invisible hand" refers to?
Q100: Economists use the term _ to refer
Q101: Explain how an attempt by the government
Q102: The adage, "There ain't no such thing
Q103: With the understanding that people respond to
Q105: Economics is the study of how society
Q106: One tradeoff society faces is between efficiency
Q107: Fundamentally, economics deals with
A)scarcity.
B)money.
C)poverty.
D)banking.
Q108: Under what conditions might government intervention in
Q109: What term refers to the idea that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents