Solved

The Perpetual State of Insufficiency of Resources to Satisfy People's

Question 223

Multiple Choice

The perpetual state of insufficiency of resources to satisfy people's unlimited wants is:

A) apparent only in poor countries.
B) completely unrealistic.
C) present in modern economies, but not in the past.
D) the definition of scarcity.

Related Questions

Q160: Graphically express a direct and an inverse

Q218: The creative ability of persons to combine

Q219: An analysis of IBM's pricing decisions would

Q220: "An increase in the federal minimum wage

Q222: Exhibit 1A-5 Straight line <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6121m/.jpg" alt="Exhibit

Q224: Normative economics is:<br>A) usually incorrect.<br>B) a statement

Q225: Economic models are of limited use since

Q226: Exhibit 1A-10 Multi-curve graph <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6121m/.jpg" alt="Exhibit

Q227: The most fundamental concepts underlying the discipline

Q228: A line that has a different slope