Scarcity:
A) exists because basic human survival needs cannot be satisfied with available resources.
B) occurs only in centrally planned economies.
C) will likely be eliminated by technological progress.
D) exists only in poor nations.
E) occurs if there are insufficient resources to provide for human wants.
Correct Answer:
Verified
Q10: The fundamental economic problem is:
A)poverty.
B)unemployment.
C)scarcity.
D)government intervention into
Q11: The problem of scarcity:
A)exists because resources are
Q12: Scarcity is:
A)only a problem in modern industrialized
Q13: Which of the following statements are true?
A)Scarcity
Q17: Economics is most importantly concerned with:
A)how to
Q18: Scarcity means that:
A)there will always be families
Q25: Which of the following forces us to
Q30: Scarcity is the result of:
A)government decision making.
B)inappropriate
Q55: Scarcity exists because of:
A)the allocation of goods
Q60: Economics is the study of how people
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