The situation when we face alternative choices is called abundance.
a. true
b. false
Ans: b. false
You might also like to view...
With limited exceptions, all Israeli citizens over the age of 18 are required to serve in the Israeli military. This is an example of
A) compulsory volunteerism. B) coalition building. C) bargaining. D) eminent domain.
In the above figure, if the market is in equilibrium, area A + area B + area C equals
A) total surplus. B) consumer surplus. C) deadweight loss. D) producer surplus. E) total revenue.
Which of the following does NOT cause a shift in demand?
A) change in income B) change in tastes C) change in the price of the good D) change in the price of a related good
The negative income tax has little support among economists because it distorts incentives to work.
Answer the following statement true (T) or false (F)