QUESTION 38 All economic questions are about what to produce. how to cope with s
ID: 1134004 • Letter: Q
Question
QUESTION 38
All economic questions are about
what to produce.
how to cope with scarcity.
how to satisfy all our wants.
how to make money.
0.5 points
QUESTION 39
The loss of the highest-valued alternative defines the concept of
entrepreneurship.
scarcity.
opportunity cost.
marginal benefit.
0.5 points
QUESTION 40
The U.S. has the highest incarceration rate and/or population among all the major countries.
True
False
0.5 points
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what to produce.
how to cope with scarcity.
how to satisfy all our wants.
how to make money.
Explanation / Answer
38) The asnwer is C -) how to cope with scarcity.
all the economy question is it about the scarcity and its problem. we know our resources are scarce in nature and therefore economics is about to deal with this scarce resources to meet for the future generations.
39) THe answer is C -) Opportunity cost.
opportunity cost is the concept is used for the next best alternative .