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The Problem of "Scarcity" Applies

Question 332

Multiple Choice

The problem of "scarcity" applies


A) only in industrially developed countries because resources are scarce in these countries.
B) only in underdeveloped countries because there are few productive resources in these countries.
C) only in economic systems that are just beginning to develop because specialized resources are scarce.
D) to all economic systems, regardless of their level of development.

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