Fundamentally, economics is concerned with:
A) how scarce resources are allocated to satisfy limited wants.
B) how limited resources are allocated to satisfy scarce wants.
C) how limited resources are allocated to satisfy unlimited wants.
D) how limited wants can be used to satisfy limited resources.
E) how unlimited wants can be used to satisfy unlimited resources.
Correct Answer:
Verified
Q3: Economics is primarily the study of:
A)human greed.
B)how
Q4: Scarcity means that:
A)human desires are limited.
B)resources are
Q6: Economics is primarily the study of:
A)how choices
Q7: Economics is a science that:
A)typically uses controlled
Q10: The fundamental economic problem is:
A)poverty.
B)unemployment.
C)scarcity.
D)government intervention into
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
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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