People always face trade-offs because
A. they can always afford to buy different goods and services.
B. trading takes place in a market economy.
C. they always have more than one use for their time and money.
D. they can make themselves better off through trade.
Answer: C
You might also like to view...
Which of the following countries has a low level of trade by world standards but has typically shown large trade surpluses in recent decades?
a. United States b. Brazil c. Japan d. France
Graphically show why one electric company can operate more cheaply than two.
What will be an ideal response?
Which of the following is a negative economic incentive:
A. Tax reductions on fuel-efficient cars B. High taxes on cigarettes C. A 1% decrease in city taxes for residents who recycle D. Free flu shots for all citizens
Unemployment benefits are paid only if a person's income from all sources and assets is below a certain level.
Answer the following statement true (T) or false (F)