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Title: Scarcity is best defined as Post by: rimaaazzz on Feb 27, 2018 Scarcity is best defined as
a. unlimited resources b. a shortage -- when buyers cannot obtain the goods they want c. a surplus -- when sellers cannot sell the goods they produce d. insufficient resources to satisfy unlimited wants e. the private ownership of society's resources QUESTION 2 The problem of scarce resources a. means that in some cities there are not enough jobs b. could be solved if the unemployment rate fell c. is that there are not enough resources to satisfy people's unlimited wants d. is that resources are used inefficiently e. can be solved by lowering taxes QUESTION 3 The fact that people have unlimited wants means that a. they always want more of at least one good b. each person has an unlimited desire for every good c. labor unions demand wage increases d. selfish people are not concerned about others e. people buy goods without regard to what they can afford QUESTION 4 Rent is the payment received by resource owners for the use of their natural resources. a. True b. False QUESTION 5 Profit is the payment received by resource owners for the use of their capital. a. True b. False Title: Scarcity is best defined as Post by: bev on Feb 27, 2018 Content hidden
Title: Scarcity is best defined as Post by: rimaaazzz on Feb 27, 2018 TY
Title: Scarcity is best defined as Post by: bev on Feb 27, 2018 You're welcome
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