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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
Which statement best describes the relationship between scarcity and shortage?
A) Neither scarcity nor shortages will exist if money prices are allowed to determine who gets what.
B) Scarcity and shortages are unavoidable as long as money prices are allowed to determine who gets what.
C) Scarcity is an inescapable fact of life but shortages are avoidable.
D) Shortages are an inescapable fact of life but scarcity can be eliminated.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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Posts: 1991
8 years ago
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Sublight2097 Author
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8 years ago
Another one in the books, marking it solved.
wrote...
8 years ago
Another success story!

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