Multiple Choice
Which of the following statements is true regarding scarcity?
A) An economy experiences scarcity only when the incomes of its citizens decline.
B) Scarcity could be overcome if people would make all choices in the social interest.
C) Poor people experience scarcity more often than do rich people.
D) Scarcity affects poorer countries only.
E) All citizens in a wealthy economy experience scarcity.
Correct Answer:
Verified
Correct Answer:
Verified
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