By the study of "scarcity," an economist means how we best utilize our:
A) limited resources in order to promote full employment and price stability.
B) unlimited desires in order to best use our unlimited resources.
C) unlimited resources to best satisfy our unlimited desires.
D) limited resources in order to best satisfy our unlimited desires.
Correct Answer:
Verified
Q42: When society can not produce all the
Q43: Economics is concerned with:
A)the choices people must
Q44: The fundamental economic problem is:
A)poverty.
B)unemployment.
C)scarcity.
D)inflation.
Q45: If oil is considered a non-renewable resource,
Q46: Which of the following goods would be
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
Q52: Scarcity:
A)occurs only in centrally planned economies.
B)will likely
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