Goods are scarce when:
A) their price is too low.
B) their price is too high.
C) the amount people want is more than the amount available at a zero price.
D) people want less of something as compared to what is available.
E) their prices are controlled.
Correct Answer:
Verified
Q16: _ is the primary reason that explains
Q17: Scarcity:
A)ensures that people become satisfied with less
Q18: Which of the following would economic freedom
Q19: The economist Hernando de Soto extensively studied:
A)the
Q20: Private property rights are important because:
A)they create
Q22: Which of the following should not be
Q23: Economics is:
A)concerned with the problem of scarce
Q24: Which of the following statements concerning opportunity
Q25: Ronnie waits one hour in queue to
Q26: Which economic concept is the closest to
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