It is difficult to make the concept of need useful because it is difficult to define and compare "needs" among people.
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Q17: The opportunity cost of attending college is
Q18: A permanent change to a much higher
Q19: Human capital consists of computers, tools and
Q20: Marginal cost is the additional cost incurred
Q21: Unemployment can be caused by downswings in
Q23: Small, developing countries must first become self-sufficient
Q24: Sustained economic growth occurs when workers' productivity
Q25: Scarce goods are:
A)desirable and unlimited in amount.
B)undesirable
Q26: Scarcity applies to:
A)only the poor.
B)the value of
Q27: Inflation is an increase in the overall
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