Scarcity applies to:
A)only the poor.
B)the value of our time.
C)both the rich and poor.
D)both (b) and (c)

Name: Scarcity applies to: A)only the poor. B)the value of our time. C)both the rich and poor. D)both (b) and (c)
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Question

Scarcity applies to:​
A)​only the poor.
B)​the value of our time.
C)​both the rich and poor.
D)​both (b) and (c)

Quizplus · Accepted Answer

Scarcity applies to both the rich and poor in terms of limited resources and time, as both groups have to make choices about how to allocate their resources and time due to scarcity. Therefore, both option (b) and (c) are correct.

Scarcity Applies To:​

Scarcity Applies To: