Given that resources are scarce?
a. a "free lunch" is possible, but only for a limited number of people.
b. opportunity costs are experienced whenever choices are made.
d. some choices involve opportunity costs while other choices do not.
c. poor countries must make choices, but rich countries with abundant resources do not have to make choices.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Given that resources are scarce? a. a "free lunch" is possible, but only for a limited number of people. b. opportunity costs are ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which two methods of project analysis are the most biased towards short-term projects? net present value and internal rate of return internal rate of return and profitability index payback and discounted payback net present value and discounted
Answers (1)
At the beginning of Year 2, a company invested $40,000 in a debt security. At that time the security was appropriately classified as an available-for-sale security. At the end of Year 2, the security had a fair value of $28,500.
Answers (1)
Mills Corporation's balance sheet included the following information: Accounts Receivable $ 580,000 Less: Allowance for Doubtful Accounts 73,000 Accounts Receivable, Net of Allowance $ 507,000 If the Allowance account had a credit balance of $31,500
Answers (1)
The graphs shows employment figures for nonfarm workers for 2008 to 2013
Answers (2)
Development and support services for a firms' business systems are provided by: a. it standards services. b. it management services. c. it educational services. d. application software services.
Answers (1)
New Questions in Business
The potential market represents all active duty military members, all veterans, and their families. Assume that according to the United States Department of Defense, as of December 31, 2014 there were 1 comma 361 comma 631 active duty personnel in
Answers (1)
Which is most nearly correct regarding sampling error? a. it can be eliminated by increasing the sample size. b. it cannot be eliminated by any statistical sampling method. c. it can be eliminated by using excel's = randbetween () function. d.
Answers (1)
Community hospital just hired a contrast coder who charges $5.00 per record coded. Last week she coded 300 records. The HIM manager would like to hire a FTE instead of using a contract coder. She finds an experienced coder who wants a salary of $25.
Answers (1)
Money serves as a unit of account when goods Group of answer choices have a value expressed in the same currency, thus allowing comparisons. have a value expressed in both a fiat money and a commodity money. cannot be assigned a value.
Answers (1)
Sally and wally have a great business idea. they have some money to invest and hope to find more people interested in investing. they are worried about the legal aspects and the liability. the best business form for them is most likely a
Answers (1)