The concept of scarcity as used by economists refers to
A) shortages.
B) a situation in which the available resources are not enough to satisfy the wants of the people.
C) a situation in which an item is available only in very small quantities.
D) a situation in which an item is very expensive.
E) a situation in which a resource is nonrenewable.
Correct Answer:
Verified
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A) the right to own
Q17: Is it possible to eliminate scarcity?
A) Scarcity
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A) a higher
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A)
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A) their price is
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