menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Political Science
  3. Study Set
    Through the Global Lens
  4. Exam
    Exam 14: Macroeconomics and Us Economic Hegemony
  5. Question
    Scarcity Is the Central Problem of Economic Life Because Human
Solved

Scarcity Is the Central Problem of Economic Life Because Human

Question 30

Question 30

True/False

Scarcity is the central problem of economic life because human desires for goods and services seem infinite, but society is limited by finite human and non-human resources.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: When we speak of production, distribution, and

Q26: A government-directed economy is called a traditional

Q27: Monetary policy involves the use of taxing

Q28: Intellectual historian Dorothy Ross considers the three

Q29: Successful completion of the Uruguay Round of

Q31: What are the three most useful levels

Q32: Supply-side economic theory is very compatible with

Q33: As means of subsistence, traditional economies rely

Q34: Money has served as the medium lubricating

Q35: Large corporations dominate the economic landscape in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines