Economic resources have a price above zero because
A) there are no other uses for them.
B) they cannot be easily moved from place to place.
C) otherwise they would not be able to satisfy human wants.
D) they are relatively scarce.
E) they are unlimited in supply.

Question

Quizplus · Accepted Answer

Economic resources have a price above zero because they are relatively scarce. If they were abundant and unlimited in supply, their price would likely be zero or very low.

Economic Resources Have a Price Above Zero Because