Scarcity arises because A) resources are finite and are ...

[joesmith1212]

Scarcity arises because
 
  A) resources are finite and are inadequate to meet all human wants.
  B) production of goods and services is always slow.
  C) companies are slow to explore for new resources.
  D) a large number of people live in poverty.

Question 2

Which statement most accurately defines economics?
 
  A) Economics is the study of how people make money.
  B) Economics is the study of how people make choices to satisfy their wants.
  C) Economics is the study of values a society should choose.
  D) Economics is the study of how to eliminate scarcity.

[nhea]

Answer to Question 1

A

Answer to Question 2

B

[joesmith1212]

TYSM

[dreamfighter72]

Excellent