The most basic concept in economics is
A) wealth.
B) income.
C) scarcity.
D) human need.
Correct Answer:
Verified
Q33: Scarcity
A) exists in all human societies.
B) is
Q34: At a zero price, which of the
Q35: The conversion of resources into consumer goods
Q36: Scarcity implies that
A) people should limit their
Q37: Economic goods are defined as
A) tangible items
Q39: In economic terminology, the accumulated training and
Q40: If the quantity desired of something exceeds
Q41: A tractor used to prepare land for
Q42: An irrigation system is installed on a
Q43: Which of the following is a TRUE
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