________________________ Macroeconomics Spring 2008 Homework #1 Multiple Choice Identify the letter of the choice that best completes the statement...

Name: ________________________ Macroeconomics Spring 2008 Homework #1 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. Approximately what percentage of the world"s economies experience scarcity? A. 100% b. 75% c. 50% d. 25% 2. Mallory decides to spend three hours working overtime rather than watching a video with her friends.