Economic choice and competitive behavior are the result of
A) basic human greed.
B) poverty.
C) private ownership of resources.
D) scarcity.

Name: Economic choice and competitive behavior are the result of A) basic human greed. B) poverty. C) private ownership of resources. D) scarcity.
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Question

Quizplus · Accepted Answer

Economic choice and competitive behavior arise from scarcity, which means that resources are limited while human wants are unlimited, necessitating choices about how to allocate resources efficiently.

Economic Choice and Competitive Behavior Are the Result of