Scarcity means that:
A) human desires are limited.
B) resources are insufficient to satisfy all human desires.
C) choices are unnecessary.
D) all but the very wealthy must face choices.
Correct Answer:
Verified
Q29: Which of the following is false?
A)A resource
Q30: An economy's resources:
A)include land, labor, capital, and
Q31: Market failure is a term used to
Q32: Government price controls make communication of information
Q33: Scarcity:
A)exists in command economies.
B)exists in market economies.
C)exists
Q35: Which of the following is false?
A)Tangible goods
Q36: Almost everyone is affected directly or indirectly
Q37: Economic choices or tradeoffs are the result
Q38: The only way that an economy can
Q39: Which of the following is not a
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