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Which of the Following Is Correct About the Economic Decisions

Question 114

Multiple Choice

Which of the following is correct about the economic decisions consumers,firms,and the government have to make?


A) Governments may face the problem of shortages but not scarcity in making economic decisions.
B) Only individuals face scarcity; firms and the government do not.
C) Firms and the government face scarcity,individuals only face shortages.
D) Each faces the problem of scarcity which necessitates trade-offs in making economic decisions.

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