All economic questions arise because we
A) have an abundance of resources.
B) have limited wants that need to be satisfied.
C) want more than we can get.
D) want more than we need.
Correct Answer:
Verified
Q4: All economic questions are about
A) what to
Q13: An inducement to take a particular action
Q14: Scarcity is experienced by
A) only the poor.
B)
Q16: Scarcity requires that people must
A) trade.
B) cooperate.
C)
Q17: Scarcity arises from
A) exploration.
B) limited wants and
Q19: Scarcity can be eliminated through
A) wise use
Q20: Scarcity is common to all economic systems
Q21: The problem of "scarcity" applies
A) only in
Q22: One topic of study for a microeconomist
Q23: In part, microeconomics is concerned with the
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