Multiple Choice
The term "scarcity" in economics can refer to the fact that:
A) economic wants are limited and resources are abused.
B) even in the richest country some people go hungry.
C) no country can produce enough products to satisfy everybody's economic wants.
D) it is impossible to produce too much of any particular good or service in a market economy.
Correct Answer:
Verified
Correct Answer:
Verified
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