Fundamental economic problems basically arise from
A) the fact that society has more than it needs.
B) the unequal distribution of income.
C) turmoil in the stock market.
D) our wants exceeding our scarce resources.
Correct Answer:
Verified
Q4: All economic questions are about
A) what to
Q5: Economists point out that scarcity confronts
A) the
Q6: All economic questions arise because
A) we want
Q7: Scarcity is
A) when a child wants a
Q9: The most fundamental economic problem is
A) scarcity.
B)
Q11: People must make choices because
A) there are
Q11: An incentive
A) could be either a reward
Q12: As an economic concept, scarcity applies to
A)
Q13: An inducement to take a particular action
Q14: Scarcity is experienced by
A) only the poor.
B)
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