Why is there scarcity?
A) because average costs may exceed average benefits
B) because human wants are limited
C) because theory dictates it
D) because our unlimited wants exceed our limited resources
Correct Answer:
Verified
Q1: What is economics the study of?
A) how
Q3: What causes scarcity?
A) the allocation of goods
Q4: What do economists mean when they state
Q5: Which of the following statements best describes
Q6: What does economics primarily study?
A) how to
Q7: What does economics primarily explore?
A) how the
Q8: Which of the following statements best describes
Q9: Which of the following statements about scarcity
Q10: What do all economic problems arise from?
A)
Q11: What problem is caused when not all
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