Scarcity exists because
A) of the inefficient choices we make.
B) poor people need more food and other goods.
C) our wants exceed the resources available to satisfy them.
D) society and people are greedy and wasteful.
Correct Answer:
Verified
Q1: When an economist talks of scarcity, the
Q2: Scarcity is a situation in which
A) most
Q3: Economics is best defined as the study
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)
Q10: Fundamental economic problems basically arise from
A) the
Q11: People must make choices because
A) there are
Q11: An incentive
A) could be either a reward
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