Scarcity exists because
A) of the inefficient choices we make.
B) poor people need more food and other goods.
C) society and people are greedy and wasteful.
D) our wants exceed the resources available to satisfy them.
Correct Answer:
Verified
Q1: Scarcity is
A) eliminated by choices.
B) a situation
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
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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