Scarcity requires that we
A) learn to limit our wants.
B) have the most rapid economic growth possible.
C) have unlimited resources.
D) produce efficiently.
E) make choices about what goods and services to produce.
Correct Answer:
Verified
Q15: Scarcity exists because
A)some individuals have low incomes.
B)people
Q16: Scarcity means we must
A)work more.
B)make choices.
C)earn more.
D)consume
Q17: Because human wants are insatiable and unlimited
Q18: The study of economics is best described
Q19: Which of the following is a microeconomic
Q21: When Qantas decides to stop flying to
Q22: The question of 'What goods and services
Q23: The question of 'how are goods and
Q24: Which of the following is a topic
Q25: When a home builder decides to computerise
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