Question details

ECO 204 CHAPTER 2 FINAL (Micro_TIF1_9e_Chapter02)
$ 15.00

Scarcity, Choice, and Opportunity Cost

 

1  
 

 

Multiple Choice

 

1)
 

 

The process by which resources are transformed into useful forms is

 

A)
 

 

capitalization.

 

B)
 

 

consumption.

 

C)
 

 

production.

 

D)
 

 

allocation.

 

Answer: 
 

 

C

 

Diff: 2

 

Topic: 
 

 

Scarcity, Choice, and Opportunity Cost

 

Skill: 
 

 

Definition

 

2)
 

Available solutions