All economic questions arise because we
A) want more than we can get.
B) want more than we need.
C) have limited wants that need to be satisfied.
D) have an abundance of resources.
Correct Answer:
Verified
Q4: All economic questions are about
A) what to
Q5: Economics is best defined as the science
Q6: Scarcity exists because
A) of the inefficient choices
Q7: In every economic system, choices must be
Q8: Scarcity is a situation in which
A) most
Q10: An incentive
A) is the opposite of a
Q11: People must make choices because
A) there are
Q12: Fundamental economic problems basically arise from
A) the
Q13: When an economist talks of scarcity, the
Q14: Scarcity can be eliminated through
A) exploration that
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