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    Macroeconomics Australia
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    Exam 1: Getting Started
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    Scarcity
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Scarcity

Question 103

Question 103

Multiple Choice

Scarcity


A) leads to higher prices.
B) used to exist everywhere but has been eliminated in advanced economies.
C) is the inability to satisfy all our wants.
D) is not something that affects very rich people.
E) applies only to people living in poverty.

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