The one word in the definition of economics that focuses on the fact that it is impossible to provide all of the goods and services that everyone wants is
A) scarcity.
B) resources.
C) study.
D) allocation.
Correct Answer:
Verified
Q8: The underlying reason that there are unattainable
Q9: A resource
A)must come from the earth.
B)only includes
Q10: Something is scarce as long as
A)there is
Q11: Points on the Production Possibilities Frontier are
A)attainable.
B)unattainable.
C)associated
Q12: If the production possibilities frontier is not
Q14: Points inside the Production Possibilities Frontier are
A)attainable.
B)unattainable.
C)associated
Q15: Economists focus on "unlimited human wants" rather
Q16: Economics is the study of
A)how much people
Q17: Production possibilities frontier models
A)the choices we make
Q18: A simplifying assumption is typically made so
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