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Which of the Following Describes the Economic Reality of Scarcity

Question 38

Multiple Choice

Which of the following describes the economic reality of scarcity?  


A)  It exists only in countries that are NOT highly industrialized. 
B)  It is likely to disappear as production increases. 
C)  It is sure to disappear as technology improves. 
D)  It will exist as long as resources are available in limited amounts.

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