To say that something is scarce means that
A) it is no longer available in stores.
B) it must be conserved at any cost.
C) even the government cannot supply it.
D) sufficient amounts of it are available only at full employment and inflated prices.
E) not enough is available to satisfy people's wants at a zero price.
Correct Answer:
Verified
Q27: Because of scarcity,
A) costs are incurred in
Q28: Ronnie waits one hour in line to
Q29: What economic concept is illustrated by the
Q30: A good or service becomes scarcer over
Q31: To an economist, scarcity means that
A) it
Q33: Which statement concerning opportunity costs is false?
A)
Q33: The basic economic problem is:
A)inflation.
B)unemployment.
C)poverty.
D)scarcity.
E)lack of money.
Q34: To say that there is a scarcity
Q35: The opportunity cost of studying economics tonight
Q36: Which of the following statements is false?
A)
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