Econ 201 WVU Final Exam all chapters

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TRUE/FALSE 1 : Scarcity means that there is less of a good or resource available than people wish to have.a. Trueb. False A : true B : false Correct Answer : A 2 : Economics is the study of how ... fairly goods and services are distributed within society.a. Trueb. False A : true B : false Correct Answer : B 3 : With careful planning, we can usually get something that we like without having to give up something else that we like.a. Trueb. False A : true B : false Correct Answer : B 4 : Equity means everyone in the economy should receive an equal share of the goods and services produced.a. Trueb. False A : true B : false Correct Answer : B 5 : Equity refers to how the pie is divide [Show More]

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