The economic problem is essentially one of deciding how to make the best use of:
A) unlimited resources to satisfy unlimited wants
B) limited resources to satisfy unlimited wants
C) unlimited resources to satisfy limited wants
D) limited resources to satisfy limited wants
E) free resources to satisfy expensive wants
Correct Answer:
Verified
Q1: Which of the following is a capital
Q2: Economic resources do NOT include:
A)natural resources
B)real capital
Q4: The fundamental problem of economics is:
A)to establish
Q5: Which of the following is a microeconomic
Q6: Economists assume that people customarily behave rationally,meaning
Q7: Which of the following is a macroeconomic
Q8: Microeconomics is concerned with the:
A)total levels of
Q9: As used in economics,the notion of scarcity
Q10: Economics is primarily the study of:
A)why resources
Q11: Economics can best be described as the
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