
Economics for Today 7th Edition by Irvin Tucker
النسخة 7الرقم المعياري الدولي: 978-1133154457
Economics for Today 7th Edition by Irvin Tucker
النسخة 7الرقم المعياري الدولي: 978-1133154457 تمرين 1
Scarcity exists
A) when people consume beyond their needs.
B) only in rich nations.
C) in all countries of the world.
D) only in poor nations.
A) when people consume beyond their needs.
B) only in rich nations.
C) in all countries of the world.
D) only in poor nations.
التوضيح
Correct answer is 'C'.
Scarcity is a condition where the human wants are always greater than the available supply of resources like time, goods or services. Due to this condition it is impossible to satisfy wants or desires of every one.
Scarcity is a condition where the human wants are always greater than the available supply of resources like time, goods or services. Due to this condition it is impossible to satisfy wants or desires of every one.
Economics for Today 7th Edition by Irvin Tucker
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