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 running a business
Correct Answer:
Verified
Q2: From an economic perspective, people make decisions
Q3: The existence of scarcity implies that
A)economic interaction
Q4: A resource is not scarce if
A)there is
Q5: People make decisions when doing something involves
A)no
Q6: A market is
A)a place where firms meet
Q7: If a resource is always available when
Q8: Economics deals with how
A)individuals make decisions to
Q9: Buyers and sellers interact in a
A)government.
B)face-to-face forum.
C)family.
D)market.
E)classroom.
Q10: Economics is the study of how individuals
Q11: Economics is the study of how people
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