The basic problem in economics is
A. unlimited resources.
B. differences in people's tastes and preferences.
C. scarcity.
D. limited needs.
Answer: C
Economics
You might also like to view...
Demand for labor is
A. derived demand. B. highly elastic. C. dependent on its supply. D. directly proportional to capital employed.
Economics
What causes the aggregate demand curve to shift?
What will be an ideal response?
Economics
Both the Bush and Obama administrations used tax cuts as a remedy to the housing “bubble.”
Answer the following statement true (T) or false (F)
Economics
Margie listed her real estate for sale at $100,000. If her cost was 80 percent of the listing price, what will her percentage of profit be when her real estate is sold for the listing price?
A) 10 percent B) 15 percent C) 20 percent D) 25 percent
Economics