The perpetual state of insufficiency of resources to satisfy people's unlimited wants is:
A) not a problem in developed countries.
B) a contradiction that cannot be resolved.
C) completely unrealistic.
D) present in modern economies but not in the past.
E) the definition of scarcity.
Correct Answer:
Verified
Q1: Which of the following is not an
Q2: An entrepreneur is a motivated person who
Q5: Which of the following would eliminate scarcity
Q6: The finite nature of the economy's resource
Q6: Labour resources:
A)include only physical activities.
B)are only counted
Q7: An economics textbook is an example of:
A)
Q9: Economists believe that scarcity forces everyone to:
A)satisfy
Q10: Scarcity is a situation:
A) where people's needs
Q11: Which of the following is closest to
Q14: Scarcity:
A) does not exist.
B) implies that people
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