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Test Bank Essentials of Economics 10th Edition By Bradley Schiller A+
- From Business, General Business
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1. The central problem of economics is the:
A. Distribution of goods and services to those in need.
B. Human wants exceeding the availability of resources.
C. Inefficiency of government operations.
D. Labor unemployment.
There are only a finite amount of resources.
AACSB: Analytic
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 1 Easy
Learning Objective: 01-01 Explain the meaning of scarcity.
Topic: The Central Problem of Scarcity
2. The primary concern of economics is the study of:
A. Why human wants exist and what motivates them.
B. How to distribute goods and services according to human needs.
C. How best to allocate
Available Answer
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