Scarcity can be eliminated through
A) exploration that helps us find new resources.
B) wise use of our resources.
C) the use of market mechanisms.
D) None of the above because scarcity cannot be eliminated.
Correct Answer:
Verified
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
Q12: Fundamental economic problems basically arise from
A) the
Q13: When an economist talks of scarcity, the
Q15: The study of economics
A) deals mainly with
Q16: Economics is best defined as the study
Q17: The problem of ʺscarcityʺ applies
A) only in
Q18: An inducement to take a particular action
Q19: Economists point out that scarcity confronts
A) the
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