The problem of "scarcity" applies
A) only in economic systems that are just beginning to develop because specialised resources are scarce.
B) only in industrially developed countries because resources are scarce in these countries.
C) to all economic systems, regardless of their level of development.
D) only in underdeveloped countries because there are few productive resources in these countries.
Correct Answer:
Verified
Q184: The slope of a curved line can
Q185: The slope of a straight line is
A)increasing.
B)decreasing.
C)constant.
D)variable.
Q186: Q187: Positive and normative statements differ in that Q188: When a farmer decides to raise pigs Q190: Your employer has asked you to start Q191: The term "opportunity cost" points out that Q193: If the price of apples is on Q194: Australian producers decide to produce more compact Q310: ![]()
A)normative
A)there![]()
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