Every society must deal with the problem of scarcity because:
A) people do not have enough money to buy everything they need.
B) government levies heavy taxes on households and firms.
C) human beings become satiated as consumption increases.
D) human wants are nearly unlimited relative to the availability of resources.
E) productive resources, technology, and labor are unlimited.
Correct Answer:
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A)applies only to consumption decisions.
B)applies only
A)are limited in quantity.
B)are always