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Which of the Following Statements Is True Regarding Scarcity

Question 215

Multiple Choice

Which of the following statements is true regarding scarcity?


A) Scarcity affects poorer countries only.
B) An economy experiences scarcity only when the incomes of its citizens decline.
C) Poor people experience scarcity more often than do rich people.
D) All citizens in a wealthy economy experience scarcity.
E) Scarcity could be overcome if people would make all choices in the social interest.

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