Scarcity is a problem:
A) that only poor people face.
B) because human wants are limited while resources are unlimited.
C) because human wants are unlimited while resources are limited.
D) only in third world countries.
Correct Answer:
Verified
Q1: Which of the following is not an
Q3: Labour, land and capital are called:
A) goods
Q4: Which of the following goods is not
Q5: Scarcity:
A) is a problem only in the
Q6: The finite nature of the economy's resource
Q7: An economics textbook is an example of:
A)
Q8: All of the following are examples of
Q9: Which of the following would eliminate scarcity
Q10: Scarcity is a situation:
A) where people's needs
Q11: The three basic categories of resources are
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