When economists say goods are scarce, they mean...
What will be an ideal response?
the desire for goods and services exceeds our ability to produce them with the limited resources available
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Use the following saving schedule to answer the next question. 
The break-even income would be level
A. 0. B. 1. C. 2. D. 3.
What is Italy's opportunity cost of producing 3 art books?
The practice of making choices using generalizations based on observable characteristics like race, gender, or age is called:
A. discrimination. B. conditional cash transfers. C. means-testing. D. None of these is true.
The theory of the firm is based on the following two key assumptions:
a) Firms seek to maximize profits, and the firm is a single, consistent decision-making unit. b) Firms seek to become as large as possible, and they seek to maximize total revenue. c) Firms seek to maximize revenues, and to maximize undistributed profits. d) Each firm has a highly diversified product, and this leads to profit maximization. e) Firms seek to maximize profit, and to distribute the maximum value in dividends.