Question

A) Which of the following is an example of the connection between economic scarcity and
economic development? (1 point)
A country with limited farmland imports most of its food.
A country with few forests suffers from a shortage of building materials.
A country with ample water resources suffers from a shortage of safe drinking water.
A country with rich coal deposits invests in mining technology

Answer 1

A) Which of the following is an example of the connection between economic scarcity and
economic development? (1 point)
A country with limited farmland imports most of its food.
A country with few forests suffers from a shortage of building materials.
A country with ample water resources suffers from a shortage of safe drinking water.
A country with rich coal deposits invests in mining technology

Answer 2

A) Which of the following terms generally identifies a place where an economic transaction
occurs? (1 point)
transport network
manufacturing operation
market
retail store

Answer 3

5 of 55 of 5 Items
Question
Which of the following is true of manufacturing using mass production?(1 point)
Responses

It focuses on the rapid production of standardized goods.
It focuses on the rapid production of standardized goods.

It focuses on the specialized production of custom goods.
It focuses on the specialized production of custom goods.

Minimizing labor costs always determines the location of mass production facilities.
Minimizing labor costs always determines the location of mass production facilities.

Mass production facilities are always located near sources of the resources needed for production.
Mass production facilities are always located near sources of the resources needed for production.
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Answer 4

A) A country with limited farmland imports most of its food.

Answer 5

A) market

Answer 6

The correct answer is: It focuses on the rapid production of standardized goods.