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The Economic Concept of Scarcity Refers to the Fact That

Question 32

Multiple Choice

The economic concept of scarcity refers to the fact that:


A) the United States will always have a battle to fight hunger.
B) resources are often wasted and shortages are often the result.
C) income must be redistributed through taxation in order to address income disparity.
D) limited resources require economies to make choices among production alternatives.

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