Scarcity is
A) eliminated by choices.
B) a situation that exists during economic recessions but not during economic booms.
C) our inability to satisfy all our wants.
D) an economic problem only for poor people.
Correct Answer:
Verified
Q2: Scarcity requires that people must
A) compete.
B) trade.
C)
Q3: As an economic concept, scarcity applies to
A)
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
Q9: All economic questions arise because we
A) want
Q10: An incentive
A) is the opposite of a
Q11: People must make choices because
A) there are
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