The fundamental economic problem is:
A) poverty.
B) unemployment.
C) scarcity.
D) government intervention into markets.
E) inflation.
Correct Answer:
Verified
Q6: Economics is primarily the study of:
A)how choices
Q7: Economics is a science that:
A)typically uses controlled
Q8: Fundamentally, economics is concerned with:
A)how scarce resources
Q11: The problem of scarcity:
A)exists because resources are
Q12: Scarcity is:
A)only a problem in modern industrialized
Q13: Which of the following statements are true?
A)Scarcity
Q14: Scarcity:
A)exists because basic human survival needs cannot
Q25: Which of the following forces us to
Q30: Scarcity is the result of:
A)government decision making.
B)inappropriate
Q38: Scarcity implies that:
A) consumers are too poor
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