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Author Question: Scarcity is a(n): a. problem only in industrialized economies. b. condition measured by the ... (Read 122 times)

Metfan725

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on: Jun 30, 2018
Scarcity is a(n):
 a. problem only in industrialized economies.
  b. condition measured by the quantity of goods available.
  c. subjective concept that human wants can never be satisfied.
  d. problem only in poor economies.

Question 2

Scarcity can be eliminated if:
 a. people satisfy needs rather than wants.
  b. sufficient new resources were discovered.
  c. output of goods and services were increased.
  d. none of these.


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vseab

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Metfan725

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Reply #2 on: Jun 30, 2018
Thank you


vseab

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Reply #3 on: Jun 30, 2018
No problemo


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