The phenomenon of scarcity stems from the fact that
A: most economies’ production methods are not very good.
B: in most economies, wealthy people consume disproportionate quantities of goods and services.
C: governments restrict production of too many goods and services
D: resources are limited
A: most economies’ production methods are not very good.
B: in most economies, wealthy people consume disproportionate quantities of goods and services.
C: governments restrict production of too many goods and services
D: resources are limited
举一反三
- When computing the cost of the basket of goods and services purchased by a typical consumer, which of the following changes from year to year? A: The quantities of the goods and services purchased. B: The prices of the goods and services. C: The goods and services making up the basket. D: All the choices are correct.
- If production technology displays significant economies of scale, many local locations are the most effective.
- In the circular flow model, for every flow of goods, services, and<br/>resources there is a counter-flow of’ ( ) A: more goods, services, and resources. B: people from firms to households. C: people from households to firms. D: money.
- Marketing is: A: A) a very broad set of activities required to ensure that consumers can get the products and services they want and need. B: B) limited to only selling and advertising. C: C) purchasing goods and services that most consumers don't need using aggressive tactics to overcome consumer resistance. D: D) making a good product that sells itself. E: E) producing goods and/or services.
- Prices<br/>direct economic activity in a market economy by() A: influencing the actions of buyers and<br/>sellers. B: reducing scarcity of the goods and services<br/>produced. C: eliminating the need for government<br/>intervention. D: allocating goods and services in the most<br/>equitable way.