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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 1: The Art and Science of Economic Analysis
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    Scarcity
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Scarcity

Question 104

Question 104

Multiple Choice

Scarcity


A) exists because people have wants that are unlimited relative to the availability of resources to satisfy those wants
B) applies when a resource is not freely available
C) means that each society and each individual must make choices
D) exists in all societies
E) all of the above are true

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