Kelly, a rich businesswoman, finds that no matter how many pairs of shoes she buys, she can still find plenty more that she wants. Her salary only allows her to buy fifty pairs of shoes per year. She cannot buy as many shoes as she wants. Kelly is facing… – the fundamental economic problem of scarcity – a large opportunity cost for her shoes – the fact that she cannot buy goods in a factor market – a small opportunity cost for her shoes

the fundamental economic problem of scarcity More test answers on https://studyhippo.com/economics-quizzes-short-essays/

Kelly, a rich businesswoman, finds that no matter how many pairs of shoes she buys, she can still find plenty more that she wants. Her salary only allows her to buy fifty pairs of shoes per year. She cannot buy as many shoes as she wants. Kelly is facing: a. A large opportunity cost for her shoes b. a small opportunity cost for her shoes c. the fundamental economic problem of scarcity d. the fact that she cannot buy gods in a factor market

c. the fundamental economic problem of scarcity More test answers on https://studyhippo.com/economics-041-byu/

The fundamental economic problem is

scarcity, economics, needs and wants More test answers on https://studyhippo.com/econ-scarcity-and-economic-reasoning/

Kelly, a rich businesswoman, finds that no matter how many pairs of shoes she buys, she can still find plenty more that she wants. Her salary only allows her to buy fifty pairs of shoes per year. She cannot buy as many shoes as she wants. Kelly is facing a)the fact that she cannot buy goods in a factor market b)a small opportunity cost for her shoes c)a large opportunity cost for her shoes d)the fundamental economic problem of scarcity

d More test answers on https://studyhippo.com/byu-econ-041-review/

The fundamental economic problem is the number of businesses that fail all over the world. a)true b)false

b More test answers on https://studyhippo.com/byu-econ-041-review/

What is the fundamental economic problem?

The fundamental economic problem is scarcity More test answers on https://studyhippo.com/economics-ch-1-3/

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