Scarcity is caused by
A) unlimited wants running up against limited economic resources.
B) lazy workers.
C) an individual's budget that is insufficient to cover the expenses of certain goods or services.
D) shortages.
A
Economics
You might also like to view...
Which of the following will NOT work to increase the rate of economic growth?
A) increase saving B) limit competition from international trade C) improve the quality of education D) All of the above will work to increase the rate of economic growth.
Economics
Contractionary fiscal policy attempts to shift aggregate demand to the right
Indicate whether the statement is true or false
Economics