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Economics
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Our economy is characterized by:

A. Abundant productive labor

B. Unlimited wants

C. Unlimited material resources

D. No energy resources

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Joshua Stredder
Joshua StredderLv10
28 Oct 2020
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Related questions

1) Which of the following statements describe the underlying feature in most economic problems? A) People have unlimited wants in the face of limited resources. B) There are unlimited resources. C) Our country is rich; we just don't realize it. D) People have limited wants in the face of limited resources. E) Governments should never interfere in the workings of a market economy.

1) Which of the following statements best describes the underlying feature in most economic problems? A) People have unlimited wants in the face of limited resources. B) There are unlimited resources. C) Our country is rich; we just don't realize it. D) People have limited wants in the face of limited resources. E) Governments should never interfere in the workings of a market economy.

The construction of a production possibilities curve assumes:

A. the quantities of all resources are unlimited

B. some resources are unemployed.

C. time is fixed.

D. there is no inflation in the economy.

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