Scarcity is BEST defined as when:
A) the quantity demanded exceeds quantity supplied.
B) the quantity supplied exceeds quantity demanded.
C) unlimited resources exceed limited wants.
D) unlimited wants exceed limited resources.
Correct Answer:
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Q1: Economics is a:
A) natural science.
B) physical science.
C)
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A)
Q8: Which of the following statements about economics
Q9: Scarcity refers to the fact that:
A) some
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A) at costs but
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