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Scarcity and Resources:Question 1 Scarcity is only: Select one: O a problem for poor people O a cost when money is limited O an issue when things are abundant a relationship between wants and resourcesScarcity and Resources:Question 2 What incentive did England's Government do to get captains to treat prisoners fairly? Select one: O Pay them for each prisoner that left England O Pay them for each prisoner that arrived safely in Austraila O Pay a flat feeScarcity and Resources:Question 3 Which of the following is NOT an example of incentives at work? Select one: C Employees are given extra vacation time if they learn new software programs. O A child is allowed to play with his toys only after finishing his homework. C A bonus is offered to the employee with the best results at the end of the quarter. Cameras are installed to decrease theftScarcity and Resources:Question 4 Adam Smith's book "The Wealth of Nations" Select one: O suggested solutions for China's economy O analyzed the United States economy documented industrial development in EuropeScarcity and Resources:Question 5 "Will a slump in European Economies cause the US Economy to slow down?" is a question about Select one: microeconomics O macroeconomics O financial literacyScarcity and Resources:Question 6 Trade makes the world better off. Select one: True O FalseScarcity and Resources:Question 7 When discussing the basic economic problem, which of the following would NOT be included? Select one: O Time O Resources O Scarcity O WantsScarcity and Resources:Question 8 Which of the following is most likely to incentivize better driving? Select one: O More stop signs O Improving the quality of driving lessons. O Lowering insurance rates for drivers with strong records of safe drivingScarcity and Resources:Question 9 Someone has a when they can produce a good faster and better than anyone else. Select one: O absolute advantage O free trade O comparable disadvantageScarcity and Resources:Question 10 When weighing your options before making a decision, all of the different choices you have are known as Select one: O trade-offs. O incentives. O obstacles