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Author Question: The perpetual state of insufficiency of resources to satisfy people's unlimited wants is: a. ... (Read 49 times)

serike

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  • Posts: 542
on: Jun 30, 2018
The perpetual state of insufficiency of resources to satisfy people's unlimited wants is:
 a. apparent only in poor countries.
  b. completely unrealistic.
  c. present in modern economies, but not in the past.
  d. the definition of scarcity.

Question 2

The perpetual problem in economics is:
 a. our inability to work together effectively.
  b. our inability to satisfy everyone's wants with the available resources.
  c. a recognition of continual class differences.
  d. our inability to utilize resources efficiently.
  e. likely to be solved in resource-rich countries.


amynguyen1221

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


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