Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which of the following statements about resources in an economy is true?

a) Resources in an economy are unlimitedb) Resources in an economy are fixed at any momentc) All economies have the same resourcesd) Resources in the economy determine what is demanded

user-image
Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2015/02/28
Russell Victor Swanson II
by Russell Victor Swanson II , Over the road driver , Windy Hill foliage / freight transportation

B is the answer. Therefore there will always be demands that cannot be met.

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

b) >>>>>>>>>>>>Resources in an economy are fixed at any moment

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

b) Resources in an economy are fixed at any moment

More Questions Like This