Multiple Choice
Scarcity means that:
A) resources are unlimited.
B) human wants are limited.
C) limited resources cannot satisfy all of our unlimited human wants.
D) choices are unnecessary.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q19: A good economic theory, or model, weeds
Q20: "When one basketball team spends a large
Q22: Which of the following best illustrates the
Q23: A testable proposition that predicts how people
Q25: If individuals who sit in the back
Q26: Fundamentally, economics is concerned with:<br>A)how scarce resources
Q27: The fallacy of composition is the erroneous
Q28: One topic that microeconomics explores is how
Q29: A good economic theory:<br>A)rests on realistic assumptions.<br>B)explains
Q189: In a congressional debate about agricultural price