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When Economists Say Goods Are Scarce,they Mean That

Question 51

Multiple Choice

When economists say goods are scarce,they mean that:


A) consumers do not have enough money to purchase the goods.
B) the desire for goods and services exceeds our ability to produce them with limited resources.
C) at the current price, consumers are willing to buy more of a good than suppliers are willing to produce.
D) government programs are needed to lift families out of poverty.

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