menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today
  4. Exam
    Exam 2: Scarcity and the World of Trade-Offs
  5. Question
    Scarcity Arises Because
Solved

Scarcity Arises Because

Question 36

Question 36

Multiple Choice

Scarcity arises because


A) resources are finite and are inadequate to meet all human wants.
B) production of goods and services is always slow.
C) companies are slow to explore for new resources.
D) a large number of people live in poverty.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q31: Which of the following is a TRUE

Q32: The law of increasing additional costs is

Q41: John and Mary work at a bakery.

Q43: Why does the trade-off between consumption goods

Q167: How can the concepts of opportunity costs,

Q329: Bonnie is a self employed. She makes

Q353: A straight-line production possibilities curve has<br>A) an

Q361: Scarcity<br>A) exists in all human societies.<br>B) is

Q379: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q409: When an economy is operating efficiently, which

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines