In voluntary exchange between two poeple, A. Both people believe that they are b

Question

In voluntary exchange between two poeple,
A. Both people believe that they are benefiting
B. One persons's gain is another person's loss.
C. Both poeple lose.
D. No one really benefits or loses.

Economists say that scarcity is a relative concept. This means that
A. Resources are scarce only in poor societies
B. Scarce and limited resources are identical
C. The scarcity of resources can change if wants or amounts of resources available change
D. Market economies usually eliminate scacity

The enemployment rate is a subject of
A. Microeconomics
B. Macroeconomics
C. Opportunity Cost
D. Marginal costs and marginal benefits

Explanation / Answer

first one A second one C third one B

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.