The problem of economic scarcity applies
A) only in developed countries, because resources are scarce in these nations.
B) only in underdeveloped countries, because there are no productive resources in these nations.
C) only to an economy with an insufficient supply of money.
D) to the economies of all nations, regardless of their level of development.
D
Economics
You might also like to view...
A country that has a lower opportunity cost of producing a good:
a. has a comparative advantage. b. requires fewer labor hours to produce the good. c. All of the answers are correct. d. can produce the good using fewer resources than another country.
Economics
Referring to Table 4.1, Box H should be filled with 
A. $0. B. $150. C. $110. D. $125.
Economics