Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?

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Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true? A.The Ticketmaster price is an equilibrium … 阅读详情>> "Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?"

If all the world’s resources were to magically increase one hundredfold, then:

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If all the world’s resources were to magically increase one hundredfold, then: A.people would still have to make trade-offs. B.trade-offs would become unnecessary. C.economics would no longer be relevant. D.scarcity would disappear. 正确答案:people would still have to make trade-offs … 阅读详情>> "If all the world’s resources were to magically increase one hundredfold, then:"

Forest lives in complete isolation in Montana. He is self-sufficient and feeds himself through hunting, fishing, and farming. Which of the following statements about Forest is true?

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Forest lives in complete isolation in Montana. He is self-sufficient and feeds himself through hunting, fishing, and farming. Which of the following statements about Forest is true? A.Forest is not required to make trade-offs because he is self-sufficient. B.Forest has unlimited … 阅读详情>> "Forest lives in complete isolation in Montana. He is self-sufficient and feeds himself through hunting, fishing, and farming. Which of the following statements about Forest is true?"

Chris has a one-hour break between classes every Wednesday. Chris can either stay at the library and study or go to the gym and work out. The decision Chris must make is:

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Chris has a one-hour break between classes every Wednesday. Chris can either stay at the library and study or go to the gym and work out. The decision Chris must make is: A.not an economic problem because it’s an hour that Chris has no matter what he does. B.an economic problem b … 阅读详情>> "Chris has a one-hour break between classes every Wednesday. Chris can either stay at the library and study or go to the gym and work out. The decision Chris must make is:"

Josh wants to go to the football game this weekend, but he has a paper due on Monday. It will take him the whole weekend to write the paper. Josh decides to stay home and work on the paper. According to the Scarcity Principle, the reason Josh doesn’t go t

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Josh wants to go to the football game this weekend, but he has a paper due on Monday. It will take him the whole weekend to write the paper. Josh decides to stay home and work on the paper. According to the Scarcity Principle, the reason Josh doesn’t go to the game is that: A.Jos … 阅读详情>> "Josh wants to go to the football game this weekend, but he has a paper due on Monday. It will take him the whole weekend to write the paper. Josh decides to stay home and work on the paper. According to the Scarcity Principle, the reason Josh doesn’t go t"

Whether studying the output of the U.S. economy or how many classes a student will take, an unifying concept is that:

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Whether studying the output of the U.S. economy or how many classes a student will take, an unifying concept is that: A.wants are unlimited and resources are scarce, so trade-offs have to be made. B.both wants and resources are unlimited. C.wants are limited and resources are unl … 阅读详情>> "Whether studying the output of the U.S. economy or how many classes a student will take, an unifying concept is that:"