In every economic system, choices must be made because resources are and our wants are .
A) unlimited; unlimited
B) unlimited; limited
C) limited; limited
D) limited; unlimited
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
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
Q12: Fundamental economic problems basically arise from
A) the
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