Resources are scarce
A) because there is always a greater demand for them than there is a supply of them
B) only if the resources are nonrenewable
C) only if the resources are renewable
D) because all resources are nonrenewable
E) because all resources are renewable
Correct Answer:
Verified
Q29: Consumer sovereignty implies that
A) producers determine what
Q30: Consumer sovereignty answers which central issue in
Q31: For which of the following questions would
Q32: To be valid, an economic model must
A)
Q33: The term ceteris paribus means that
A) all
Q35: Scarcity is a problem in economics because
Q36: "John buys more of good X as
Q37: If all prices fall and it is
Q38: The circular flow model of the economy
Q39: In the circular flow model of the
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