The basic economic problem of scarcity
A) is a problem only in developing economies.
B) does not apply to the wealthy in society.
C) has always existed and will continue to exist.
D) will eventually disappear as technology continues to advance.
C
Economics
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Crowding out occurs when
A) investment increases as government spending falls. B) investment increases when government spending rises. C) investment decreases when government spending falls. D) investment decreases when government spending rises.
Economics
An increase in U.S. official reserve assets is entered in the U.S. balance of payments accounts as a
a. credit. b. debit. c. current account item. d. None of the above
Economics