Who faces the problem of scarcity?
A) Only the rich
B) Only the poor
C) Only people living next to wealthy people
D) Everyone
E) Only people living next to poor people
Correct Answer:
Verified
Q10: Economics is the study of how individuals
Q12: A budget constraint
A)does not occur if there
Q13: People make decisions when choices involve
A)no benefits.
B)only
Q14: An important implication of scarcity is that
A)it
Q15: Economics deals with how
A)individuals make decisions to
Q18: Choices are made in order to avoid
Q18: A resource is not scarce if
A)there is
Q20: If a resource is always available when
Q21: Which of the following statements is false?
A)There
Q35: A college student faces no opportunity cost
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