Which of the following is false?
A) A resource is anything that can be used to produce anything else we value.
B) Resources are costly because they have alternative uses.
C) Losses mean resources are not being used efficiently.
D) None of the above is false; all are true.
Correct Answer:
Verified
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
Q28: Scarcity:
A)is only a problem in communist countries.
B)is
Q30: An economy's resources:
A)include land, labor, capital, and
Q31: Market failure is a term used to
Q32: Government price controls make communication of information
Q33: Scarcity:
A)exists in command economies.
B)exists in market economies.
C)exists
Q34: Scarcity means that:
A)human desires are limited.
B)resources are
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