Econ (15).pdf - 74 iChapter i1u2014Economics iThe iWorld...

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74. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #11 i Scarcity i is i the i result i of i an i unfair i distribution i of i income. a. i True *b. i False 75. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #12 i Economics i is i the i study i of i the i allocation i of i scarce i resources i and i scarce i time, i and i of i the i ways i in i which i people i utilize i those i resources i or i that i time. *a. i True b. i False 76. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #13 i Bill i Gates i is i the i richest i person i in i the i world, i so i he i does i not i have i to i make i choices. a. i True *b. i False 77. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #14 i The i factors i of i production i are i ingredients i used i to i produce i inputs. a. i True *b. i False 78. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #15 i In i economics i the i money i you i have i is i capital. a. i True *b. i False 79. i Chapter i 1 Economics: i The i World i Around i You i Question

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