Scarcity can be eliminated through
A) wise use of our resources.
B) the use of market mechanisms.
C) exploration that helps us find new resources.
D) None of the above because scarcity cannot be eliminated.
Correct Answer:
Verified
Q4: All economic questions are about
A) what to
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
Q18: All economic questions arise because we
A) have
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
Q24: Economics is best defined as the science
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