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.
An activation barrier, representing the transition state
Federal vs state govenment
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