Which of the following goods best meets the definition of scarcity?
A) air
B) water in the ocean
C) water in a city
D) wood in a forest
Correct Answer:
Verified
Q1: What is the economy experiencing when a
Q2: From which Greek words is the word
Q3: What does economics study?
A)business
B)how society manages its
Q7: Which of the following would NOT be
Q8: Economists study
A)how people make decisions.
B)how governments interact
Q9: When does scarcity exist?
A) when there is
Q9: Which of the following is NOT included
Q10: Which of the following statements is NOT
Q11: What does economics study?
A)how society manages its
Q16: In most societies, who allocates resources?
A) a
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