Scarcity is a problem because... Group of answer choices There are not enough resources to produce all the goods and services people want to purchase. There are only small quantities of resources available on earth Not everyone has the same amount of resources, such as land and labor Unemployment exists, and therefore some people do not have enough resources to meet their basic needs.
Scarcity is a problem because... Group of answer choices There are not enough resources to produce all the goods and services people want to purchase. There are only small quantities of resources available on earth Not everyone has the same amount of resources, such as land and labor Unemployment exists, and therefore some people do not have enough resources to meet their basic needs.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 1SQP
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Scarcity is a problem because...
Group of answer choices
Unemployment exists, and therefore some people do not have enough resources to meet their basic needs.
There are not enough resources to produce all the goods and services people want to purchase.
There are only small quantities of resources available on earth
Not everyone has the same amount of resources, such as land and labor
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