The perpetual state of insufficiency of resources to satisfy people's unlimited wants is:
A) not a problem in developed countries.
B) a contradiction that cannot be solved.
C) completely unrealistic.
D) present in the modern economies but not in the past.
E) the definition of scarcity.
Correct Answer:
Verified
Q14: Scarcity:
A) does not exist.
B) implies that people
Q15: Which of the following is closest to
Q16: Labour resources:
A) include only physical activities.
B) are
Q17: An entrepreneur is a motivated person who
Q18: Economists believe that scarcity forces everyone to:
A)
Q21: Which of the following is the best
Q21: Which of the following is a microeconomics
Q22: Policies to lower the price index of
Q23: Which of the following is a microeconomics
Q24: Macroeconomics is concerned with:
A) the study of
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