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Author Question: Scarcity arises because A) resources are finite and are inadequate to meet all human wants. B) ... (Read 74 times)

joesmith1212

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on: Jun 29, 2018
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.


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nhea

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


joesmith1212

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Excellent

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