TEST BANK FOR Microeconomics 8th Edition David Colander

Exam (elaborations) TEST BANFull file at Chapter 01 Economics and Economic Reasoning True / False Questions 1. The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True False 2. Scarcity exists because economies cannot produce enough to meet the perceived desires of all individuals. True False 3. Only marginal costs, not sunk costs, should affect economic decisions if indivi...