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38. Which of the following is considered by econom a money b. ideas c. needs d. food e. physical resources ists to be the mos
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Ans:38 e. Physical resources

Reason: due to the scarcity of physical resources, the allocation of these resources is what concerns the main subject matter of the economists.

Ans:39 d. it clarifies the choices by highlighting the best solution.

Ans:40 b. you can allocate resources to what gives you the highest value.

Ans:41 d. there is much specialization in the market

Ans:42 c. related to relative prices of goods and services.

Ans:43 b. if all resources of the economy are in use, more of one good can be produced only if less of another is produced.

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