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Author Question: Which of the following statements best describes the economic concept of scarcity? (Read 141 times)

dongbo

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on: Oct 12, 2022
Which of the following statements best describes the economic concept of scarcity?
◦ Too many frivolous goods and services are produced at the expense of socially desirable goods and services.
◦ Society is not employing all of its available resources in an efficient manner.
◦ Scarcity afflicts only poor countries.
◦ Production is efficient, but distribution is inefficient.
◦ People's wants can never be satisfied by the available resources.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dongbo on Oct 12, 2022

ekattan2

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dongbo

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
Wow, this really help

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