The basic economic problem is essentially one of deciding how to make the best use of:
A. unlimited resources to satisfy limited economic wants.
B. limited resources to satisfy limited economic wants.
C. unlimited resources to satisfy unlimited economic wants.
D. limited resources to satisfy unlimited economic wants.
Answer: D
Economics
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During the 2007-2009 financial crisis, many households found themselves with debts to repay. How might this explain the consumer response to the 2008 Tax Rebate?
What will be an ideal response?
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