menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Exploring Economics
  4. Exam
    Exam 2: Economics: Eight Powerful Ideas
  5. Question
    Which of the Following Is True
Solved

Which of the Following Is True

Question 76

Question 76

Multiple Choice

Which of the following is true?


A) As long as human wants exceed available resources, scarcity will exist.
B) Scarcity ultimately leads to competition for the available goods and services.
C) Scarcity affects everyone to the same degree.
D) Both a. and b. are true.

Correct Answer:

verifed

Verified

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

Related Questions

Q71: According to the rule of rational choice,an

Q72: Government price controls<br>A) strip the market of

Q73: The function of an entrepreneur is to:<br>A)

Q78: Which of the following is true?<br>A)​Even intangible

Q78: Which of the following is likely to

Q80: "Opportunity cost" refers to:<br>A) the dollar price

Q105: If scarcity was not a fact,<br>A)​people could

Q170: Which of the following would not be

Q172: Negative incentives:<br>A)​increase benefits or reduce costs.<br>B)​increase behaviors.<br>C)​decrease

Q179: How do price controls undermine the market

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