A scarce resource is one that:
A) has two or more alternative uses.
B) exhibits the basic properties of a free good.
C) is confronted only under socialist conditions.
D) has an unlimited supply.
Correct Answer:
Verified
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Q15: Scarcity in economics means:
A) not having sufficient
Q16: According to the textbook, economics is a:
A)
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
Q21: Whenever a choice is made:
A) the value
Q22: The problem of determining how goods and
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