Which of the following statements about scarcity is true?
A) Scarcity is an undeniable part of everyone's reality due to the world's limited resources.
B) Scarcity is not a problem for billionaires like Bill Gates.
C) Scarcity in the world can be eliminated by rational decision making.
D) Scarcity is a problem studied in microeconomics and is not a macroeconomic concern.
Correct Answer:
Verified
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