Scarcity means that
A) what we can produce with our resources is greater than our material wants.
B) choices made in self-interest cannot be the same as those made in the social interest.
C) wants are greater than what we can produce with our resources.
D) governments must make up for shortages in resources.
E) resources are unlimited.
Correct Answer:
Verified
Q1: Economics is best defined as the social
Q2: Economics is the social science that studies
A)how
Q4: Which of the following is a microeconomic
Q5: Which of the following is a microeconomic
Q6: Scarcity forces people to
A)be unwilling to help
Q7: What is the reason that all economic
Q8: The primary focus of microeconomics is
A)our government's
Q9: Scarcity
A)leads to higher prices.
B)used to exist everywhere
Q10: Which of the following is a microeconomic
Q11: Which of the following is a microeconomic
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