The Economy Today, 13th Edition Test Bank

The Economy Today, 13th Edition Test Bank is an essential resource to help you tackle your upcoming exams with confidence. This guide includes key questions and answers to boost your exam preparation.

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Chapter 01Economics: The Core IssuesMultiple Choice Questions1.Which of the following is not one of the three core economic issues that must beresolved?A.How to produce the goods and services we select.B.What to produce withunlimited resources.C.Who should get the goods and services we produce.D.What to produce with limited resources.2.The fundamental problem of economics isA.The law of increasing opportunity costs.B.The scarcity ofresources relative to human wants.C.How to get government to operate efficiently.D.How to create employment for everyone.3.In economics, scarcity means thatA.A shortage of a particular good will cause the price to fall.B.Aproduction possibilities curve cannot accurately represent the trade-offbetween two goods.C.Society's desires exceed the want-satisfying capability of the resourcesavailable to satisfy those desires.D.The market mechanism has failed.

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The Economy Today by Bradley R Schi...

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