Scarcity is common to all economic systems because resources are
A) unlimited due to constant technological advances.
B) unlimited and so are human desires and wants.
C) limited and so are human desires and wants.
D) limited, but human desires and wants are unlimited.
Correct Answer:
Verified
Q4: All economic questions are about
A) what to
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
Q19: Scarcity can be eliminated through
A) wise use
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
Q25: The study of the decisions of individual
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents