People are forced to make choices because of
a. unlimited wants and unlimited resources
b. limited wants and unlimited resources
c. unlimited wants and limited resources
d. limited wants and limited resources
e. limited resources are greater than unlimited resources
C
You might also like to view...
The symmetry principle states that
A) the poorest person must be made as well off as possible. B) income should be transferred from the rich to the poor up to the point of complete equality. C) resources should be common property. D) people in similar situations must be treated similarly.
Which of the following is most likely to be a partnership?
a. Uncle Mort's Red Wrigglers b. the accounting firm of Hope and Williams c. General Motors d. the Boston Symphony Orchestra e. the U.S. Post Office
Voters may choose to remain uninformed about an issue because of:
a. the special-interest effect. b. rational ignorance. c. bureaucratic inefficiency. d. the shortsightedness effect.
Marginal costs and marginal benefits
A) do not include sunk costs. B) include sunk costs. C) are really just fixed costs. D) are not useful in decision making.