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    ECON MACRO
  4. Exam
    Exam 1: The Art and Science of Economic Analysis.
  5. Question
    Goods and Services Are Limited in Supply Because
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Goods and Services Are Limited in Supply Because

Question 41

Question 41

Multiple Choice

Goods and services are limited in supply because:


A) people are greedy.
B) they are produced using scarce resources.
C) people have limited wants.
D) they are produced by firms that seek profits.
E) the government wants to maintain its power over the economy.

Correct Answer:

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