Something is scarce as long as
A) there is a price that the market puts on the item.
B) there is no freely available infinite source of the item.
C) the government provides it.
D) the market provides it.
Correct Answer:
Verified
Q5: The optimization assumption suggests that people make
A)irrational
Q6: The one word in the definition of
Q7: Scarcity implies that the allocation scheme chosen
Q8: The underlying reason that there are unattainable
Q9: A resource
A)must come from the earth.
B)only includes
Q11: Points on the Production Possibilities Frontier are
A)attainable.
B)unattainable.
C)associated
Q12: If the production possibilities frontier is not
Q13: The one word in the definition of
Q14: Points inside the Production Possibilities Frontier are
A)attainable.
B)unattainable.
C)associated
Q15: Economists focus on "unlimited human wants" rather
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