The fact that wants cannot be fully satisfied with available resources reflects the definition of
A) the what tradeoff.
B) scarcity.
C) the big tradeoff.
D) for whom to produce.

Name: The fact that wants cannot be fully satisfied with available resources reflects the definition of A) the what tradeoff. B) scarcity. C) the big tradeoff. D) for whom to produce.
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Question

Quizplus · Accepted Answer

Scarcity reflects the fundamental economic problem that wants cannot be fully satisfied because resources are limited.

The Fact That Wants Cannot Be Fully Satisfied with Available