Solved

Which Statement Is True

Question 105

Multiple Choice

Which statement is true?


A) Scarcity is simply a lack of money.
B) Our society has been so affluent in the last 50 years that scarcity is only a minor problem.
C) The economic problem refers to the problem of poverty.
D) If scarcity did not exist there would be no need to economize.

Correct Answer:

verifed

Verified

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

Related Questions

Q88: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -What is the

Q100: Which statement is true?<br>A)It is easier to

Q101: If the unemployment rate is 7 percent,our

Q102: Every social system confronts scarcity and so

Q104: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -Which movement between

Q106: Each of the following statements about capital

Q107: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -If we were

Q108: The Law of Increasing Cost is based

Q109: Which of the following statements about full

Q110: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5852/.jpg" alt=" -A country temporarily