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jack103106 jack103106
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A year ago
Which of the following statements best describes the economic concept of scarcity?

▸ Too many frivolous goods and services are produced at the expense of socially desirable goods and services.

▸ Society is not employing all of its available resources in an efficient manner.

▸ Scarcity afflicts only poor countries.

▸ Production is efficient, but distribution is inefficient.

▸ People's wants can never be satisfied by the available resources.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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mavrik8511mavrik8511
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A year ago
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jack103106 Author
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A year ago
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Correct Slight Smile TY
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Helped a lot
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