Principles of Macroeconomics - Test Bank
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Chapter 01 The Economic Problem Multiple Choice Questions 1. What do economists mean when they say that the economy faces scarcity? A. There are fewer resources available than there were in the 1960s. B. It is quite evident that the world is running out of resources. C. The economy is producing far below its capacity to produce. D. The resources available are not sufficient to produce all that everyone wants. Accessibility: Keyboard Navigation Blooms:...