Scarcity:
A) does not exist.
B) implies that people must make a choice.
C) exists only in developed countries.
D) exists only in developing countries.
Correct Answer:
Verified
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
Q12: The creative ability of individuals to combine
Q13: Which of the following is not a
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)
Q19: The perpetual state of insufficiency of resources
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