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As Used in Economics, the Notion of Scarce Resources Means

Question 244

Multiple Choice

As used in economics, the notion of scarce resources means that:


A) mineral deposits are only available in finite amounts.
B) resources are not so plentiful that all individuals' material wants can be fulfilled.
C) some resources are free while others have price tags on them.
D) the quantities available of some resources exceed the demand for them.

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