Scarcity:
A) occurs only in centrally planned economies.
B) will likely be eliminated by technological progress.
C) exists only in poor nations.
D) occurs if there are insufficient resources to provide for human wants.
Correct Answer:
Verified
Q47: By the study of "scarcity," an economist
Q48: Which of the following statements are true?
A)Wealthy
Q49: Economics is a social science that primarily
Q50: Scarcity would cease to exist as an
Q51: Fundamentally, economics is concerned with:
A)how scarce resources
Q53: Scarcity means that:
A)resources are unlimited.
B)human wants are
Q54: What are the two parts of the
Q55: Scarcity exists because of:
A)the allocation of goods
Q56: Economics is primarily the study of:
A)how choices
Q57: Which of the following is an example
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