Although water is very abundant in most places, it is scarce because:
A) it has no alternative uses.
B) it has two or more alternative uses.
C) it is a free good and not expensive.
D) scarce goods in general are not all that costly.
Correct Answer:
Verified
Q8: Which of the following is most likely
Q9: Economics, generally speaking, is primarily concerned with:
A)
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
Q14: The opportunity cost of going to a
Q15: Scarcity in economics means:
A) not having sufficient
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
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