Multiple Choice
Why does economic scarcity exist?
A) because people have wants that are unlimited relative to the availability of resources to satisfy those wants
B) because governments have the means to provide as many services as it decides to
C) because individuals do NOT have to make choices
D) because NOT everyone has unlimited wants
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Why must all economic models involve simplifications?
Q2: Which of the following is NOT part
Q3: What type of economics studies the economic
Q4: Canada has an abundant supply of fresh
Q5: What statement describes the reality of scarcity?
Q7: What does it mean to say that
Q8: What is microeconomics the study of? <br>A) marginal
Q9: What is implied by the assumption that
Q10: Elijah, a basketball fan, reasons that because
Q11: What is a good theory? <br>A) one that