Scarcity in economics means:
A) not having sufficient resources to produce all the goods and services we want.
B) the wants of people are limited.
C) there must be poor people in rich countries.
D) economists are clearly not doing their jobs.
Correct Answer:
Verified
Q10: Scarcity exists when:
A) a choice must be
Q11: The basic concern of economics is to:
A)
Q12: A(n) _ does not pose the problem
Q13: Although water is very abundant in most
Q14: The opportunity cost of going to a
Q16: According to the textbook, economics is a:
A)
Q17: A scarce resource is one that:
A) has
Q18: Economics is a:
A) social science that studies
Q19: Economics is a:
A) social science that deals
Q20: A key theme fundamental to all of
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