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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 2: Production Possibilities and Opportunity Costs
  5. Question
    The Economic Problem Associated with the Idea of Scarcity Is
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The Economic Problem Associated with the Idea of Scarcity Is

Question 3

Question 3

Multiple Choice

The economic problem associated with the idea of scarcity is that


A) resources are limited but wants are insatiable
B) wants are limited to the available resources
C) resources are unlimited but wants are limited
D) both resources and wants are limited
E) both resources and wants are unlimited

Correct Answer:

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