Which of the following illustrates the concept of scarcity?
A) There is usually more than one use of your "free" time in the evening.
B) More clean air is wanted than is available in large polluted metropolitan areas such as Los Angeles.
C) There are many competing uses for the annual budget of your city, county, or state.
D) All of the answers are correct.
Correct Answer:
Verified
Q1: The perpetual problem in economics is:
A) our
Q3: Which of the following is the factors
Q4: Scarcity is a problem:
A) measured by the
Q7: When economists say scarcity, they mean:
A) there
Q7: Human wants:
A) are unfilled only in the
Q9: Scarcity:
A) exists because resources are unlimited while
Q9: Economists believe that scarcity forces everyone to:
A)
Q10: The condition of scarcity:
A) cannot be eliminated.
B)
Q13: Which of the following would an economist
Q203: When economists say goods are scarce, they
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