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The Concept of Scarcity Applies Both to Bill Gates and a Homeless

Question 159

Multiple Choice

The concept of scarcity applies both to Bill Gates and a homeless person because


A) both have the same legal rights.
B) they have the same access to the markets for goods and services.
C) there are only 24 hours in the day for both of them.
D) they are both consumers.
E) both must breathe air in order to livE.

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