-Refer to Exhibit 2-1.Scarcity exists
A) at point C but not at point A.
B) neither at point C nor at point A.
C) at both point C and at point A.
D) at point A but not at point C.

Question

-Refer to Exhibit 2-1.Scarcity exists
A) at point C but not at point A. 
B) neither at point C nor at point A. 
C) at both point C and at point A. 
D) at point A but not at point C.

Quizplus · Accepted Answer

Scarcity exists at all points because it is a fundamental economic problem indicating that resources are limited while wants are unlimited. Both points A and C, regardless of their positions, represent choices within the context of limited resources.

-Refer to Exhibit 2-1.Scarcity Exists