Given that resources are scarce:
A) A "free lunch" is possible,but only for a limited number of people.
B) Poor countries must make choices,but rich countries do not have to make choices.
C) Opportunity costs are experienced whenever choices are made.
D) Some choices involve opportunity costs while other choices do not.
Correct Answer:
Verified
Q14: Which of the following is NOT an
Q15: Which of the following is true about
Q16: The concept of opportunity cost would become
Q17: Scarcity means:
A) Retail stores always run out
Q18: The primary concern of economics is the
Q20: Societies must address the question of WHAT
Q21: Assuming the level of resources and technology
Q22: Table 1.1 - Production possibilities and opportunity
Q23: Table 1.1 - Production possibilities and opportunity
Q24: Investment refers to all of the following
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