All economic questions arise because we
A) want more than we can get.
B) want more than we need.
C) have an abundance of resources.
D) have limited wants that need to be satisfied.
Correct Answer:
Verified
Q1: Scarcity is
A) our inability to satisfy all
Q2: In every economic system, choices must be
Q3: Scarcity exists because
A) society and people are
Q5: As an economic concept, scarcity applies to
A)
Q6: When an economist talks of scarcity, the
Q7: People must make choices because
A) most people
Q8: An incentive
A) could be a reward but
Q9: Economics is best defined as the science
Q10: Scarcity requires that people must
A) cooperate.
B) compete.
C)
Q11: Scarcity is a situation in which
A) people
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