Which of the following statements is true? O a) Despite the problem of scarcity, people do not always want producers to use the most efficient production methods. Ob) The problem of scarcity would disappear if the world's population grew to ensure more labour was available. O c) A producer who uses no more resources than it needs must display productive efficiency. O d) The world's economies were as integrated 50 years ago as they are today

Which of the following statements is true? O a) Despite the problem of scarcity, people do not always want producers to use the most efficient production methods. Ob) The problem of scarcity would disappear if the world's population grew to ensure more labour was available. O c) A producer who uses no more resources than it needs must display productive efficiency. O d) The world's economies were as integrated 50 years ago as they are today

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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