A Typical Economic Good Has Which One of the Following

question 73

Multiple Choice

A typical economic good has which one of the following characteristics?

• A) The desired quantity exceeds the quantity available at a zero price.
• B) The quantity available exceeds the desired quantity at a zero price.
• C) It uses no resources to produce.
• D) It is never scarce.

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Definitions:

Smart

Having or showing a quick-witted intelligence or being able to adapt and change responsive to the environment.

Funny

Causing laughter or amusement; humorous.

Gender

A range of characteristics pertaining to, and differentiating between, masculinity and femininity, often influenced by social and cultural factors.

Clinical Trial

A research study conducted with human volunteers designed to evaluate the safety and efficacy of a medical treatment or intervention.