The problem of "scarcity" applies
A) only in underdeveloped countries because there are few productive resources in these countries.
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 economic systems that are just beginning to develop because specialised resources are scarce.
Correct Answer:
Verified
Q4: Which of the following are considered factors
Q53: Select the BEST statement about economic models.
A)
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