A good or service is said to be scarce when:
a. its price is too low.
b. it is offered only to high income earners.
c. no one wishes to purchase it.
d. it cannot be transported easily.
e. at a price of zero, there is not enough to satisfy everyone's desire for it.
e
Economics
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A lack of well-established property rights is one of the key reasons why markets fail
a. True b. False Indicate whether the statement is true or false
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Which of the following is the most important protection against fears of bank collapse?
A. the Federal Reserve B. the Federal Reserve Open Market Committee C. the Federal Deposit Insurance Corporation D. the gold and silver that backs Federal Reserve notes
Economics