Which of the following statements about economic scarcity is FALSE? O Scarcity occurs among the poor and the rich. O Scarcity only occurs if there are shortages and people wait in line to buy things. O Scarcity results from not having enough resources to produce all the things we want. O Scarcity results in the necessity to make choices.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Which of the following statements about economic scarcity is FALSE?
O Scarcity occurs among the poor and the rich.
O Scarcity only occurs if there are shortages and people wait in line to buy things.
O Scarcity results from not having enough resources to produce all the things we
want.
O Scarcity results in the necessity to make choices.
Transcribed Image Text:Which of the following statements about economic scarcity is FALSE? O Scarcity occurs among the poor and the rich. O Scarcity only occurs if there are shortages and people wait in line to buy things. O Scarcity results from not having enough resources to produce all the things we want. O Scarcity results in the necessity to make choices.
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