[Answered] The basic problem in economics is A) unlimited needs. B) scarcity. C) demand. D) limited ...

This topic contains a solution. Click here to go to the answer

Author Question: The basic problem in economics is A) unlimited needs. B) scarcity. C) demand. D) limited ... (Read 102 times)

maychende

Hero Member
Posts: 556

on: Jun 29, 2018

The basic problem in economics is

A) unlimited needs.
B) scarcity.
C) demand.
D) limited resources.

Question 2

Which of the following items would be considered scarce?

A) water
B) diamonds
C) potato chips
D) All of the above are scarce.

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

Animal_Goddess

Sr. Member
Posts: 339

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

D

maychende

Member
Posts: 556

Reply 2 on: Jun 29, 2018

Excellent

FergA

Member
Posts: 352

Reply 3 on: Yesterday

Thanks for the timely response, appreciate it

« previous next »

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The FDA recognizes 118 routes of administration.