Economic problems arise because
A) the number of free resources is quite limited.
B) human wants and desires are limited.
C) the world's population is not growing as fast as output is expanding.
D) there is too much money in the world.
E) too many people are self-sufficient and thus do not produce enough.
Correct Answer:
Verified
Q1: Labor productivity is measured by the
A) unemployment
Q3: The expression "there's no such thing as
Q4: Economic analysis is
A) widely understood by all
Q5: Proposed causes of the Great Recession include
Q6: The poor performance of the U.S.economy relative
Q7: Over time the U.S.economy has had
A) fluctuations
Q8: The basic characteristic of an economic resource
Q9: The existence of relative scarcity
A) refers to
Q10: Understanding poverty involves understanding those social mechanisms
Q11: Human wants and desires
A) are rarely influenced
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