Which of the following is true?
A)Even intangible goods can be subjected to economic analysis.
B)Wealthy individuals who decide to donate money to charity face the constraints of scarcity.
C)Increases in production would not enable us to eliminate scarcity.
D)All of the above

Question

Which of the following is true?
A)​Even intangible goods can be subjected to economic analysis.
B)​Wealthy individuals who decide to donate money to charity face the constraints of scarcity.
C)​Increases in production would not enable us to eliminate scarcity.
D)​All of the above

Quizplus · Accepted Answer

A) Even intangible goods can be subjected to economic analysis because they have value and people make choices based on that value.
B) Wealthy individuals who donate money to charity still face the constraint of scarcity because they have limited resources and must decide how to allocate them.
C) Scarcity is a fundamental concept in economics that cannot be eliminated, even with increased production, because unlimited wants will always exist, and resources will always be limited.

Which of the Following Is True