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?"

Economics is best defined as the study of: A.how people make choices in the face of scarcity and the implications of those choices for society as a whole. B.inflation, interest rates and the stock market. C.supply and demand. D.the financial concerns of businesses and individuals … 阅读详情>> "Economics is best defined as the study of:"

Economics is the study of: A.the financial concerns of businesses and individuals. B.choice in the face of limited resources. C.the role of government in limiting the choices people make. D.whether we will have enough resources in the future. 正确答案：choice in the face of limited re … 阅读详情>> "Economics is the study of:"

Economists recognize that because people have limited resources: A.our future is bleak. B.they will never be happy. C.they have to make trade-offs. D.government intervention is necessary. 正确答案：they have to make trade-offs.

The Scarcity Principle states that: A.society will eventually run out of resources. B.with limited resources, having more of one thing means having less of another. C.some countries have fewer resources than others. D.people don’t have enough money to buy what they want. 正确答案：wit … 阅读详情>> "The Scarcity Principle states that:"

An implication of scarcity is that: A.people must make trade-offs. B.people will never be happy. C.some people will always be poor. D.making trade-offs becomes unnecessary as wealth increases. 正确答案：people must make trade-offs.

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:"

The Scarcity Principle applies to: A.consumers primarily. B.firms primarily. C.poor people primarily. D.everyone. 正确答案：everyone.

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: 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 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: 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:"