Goods that are actually produced by firms are not really limited in supply, because the firms can always produce more of them.
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Q3: Given its size, the United States does
Q4: Economics examines the options open to households,
Q5: Market economies are not constrained by scarcity;
Q6: Economics examines the options open to households
Q7: Centrally planned economies are not constrained by
Q9: Scarcity of resources implies that people must
Q10: The opportunity cost of any decision is
Q11: The scarcity of physical resources is far
Q12: All actions and purchases, even those of
Q13: Scarcity is the fundamental problem of the
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