The problem of scarcity is confronted by:
A) industrialized societies only.
B) preindustrial societies only.
C) societies governed by communist philosophies only.
D) all societies.
Correct Answer:
Verified
Q9: The problem of determining what goods and
Q10: Although freshwater is very abundant in most
Q11: When a chef prepares a dinner for
Q12: The basic concern of microeconomics is to:
A)keep
Q13: If resources are scarce,it means that they:
A)are
Q15: How people choose among the alternatives available
Q16: Which factor is NOT an example of
Q17: Scarcity in economics means that:
A)we often do
Q18: We are forced to make choices because
Q19: We have to make choices because:
A)we have
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