Preview Test: Assignment 1 Tesl Information class. Once you start not start this

Question

Preview Test: Assignment 1 Tesl Information class. Once you start not start this assignment unlt you have completed your reading materal. The deadine for this assignment wil be provided to yo can submir this assignment up to 3 times une the due date. The highesr score will be recerded as your grade for this assign DUE ON September 17, Monday, before cfass 10:20am This eat can be saved and resumed later v Queston Completion Stats UESTION 1 The problem of scarce resources: o a people buy goods without regard to what they can afford. O they always want more of at least one ood. O labor unions demand wage increases O d selfish people are not concerned about others. each person has an unlimited desire for every good. QUESTION 2 What will we never happen in a world of scarcity? O Meet all of society's wants Reallocate use of economic resources such that to ioease the satisfaction of wants c. Use all economic resources such that we satsfy the maximum amount or wants put not al) Od Satisty all basic human needs. QUESTION 3 some travelers stand in line waiting to sign paperwork and pick up car keys ar the card. In this example, the travelers who rental desk while other travelers can go right to their rental car by using their rental car loyalty club move quickly through to the parking lot pick up their car are probably Oricher than travelers waiting in the longer lines at the rental car counter O b mare importanl than travelers waiting in the longer ines at the rental car counter. O experianced travelers that know that making online seservations is the best way lo avoid long ines at the rental counter Odtravelers who value convenience more than those waiting in line and are willing to pay additional dlub fees for the option of avoiding them

Explanation / Answer

1) e

2) a

3) d

4) b

5) a & d

7) d

8) c

9) a

10) d

11) c

12) b

13) a

15) a

16) b

17) b

18) b

19) b

20) a

21) a

22) a

23) c

24) a

25) c

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.