Scarcity:
A) is a problem only in the poorer countries of the world.
B) will disappear if the country is rich.
C) can be solved by rapid advances in technology.
D) is a problem that exists in every economy with limited resources.
E) is not a problem for the developed countries.
Correct Answer:
Verified
Q1: Which of the following is not an
Q2: Scarcity is a problem:
A) that only poor
Q3: Labour, land and capital are called:
A) goods
Q4: Which of the following goods is not
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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