The Scarcity Principle applies to:
A)all decisions.
B)only market decisions, e.g., buying a car.
C)only non-market decisions, e.g., watching a sunset.
D)only the poor.

Name: The Scarcity Principle applies to: A)all decisions. B)only market decisions, e.g., buying a car. C)only non-market decisions, e.g., watching a sunset. D)only the poor.
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Question

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Economists assume that resources will always be scarce relative to people's wants.

The Scarcity Principle Applies To