Because of scarcity,a. it is impossible to satisfy every desire andchoices must be made.b. the available supply of time, goods, andresources is greater than human wants.c. every desire is fulfilled.d. there are no limits on the economy’s ability tosatisfy unlimited wants.
Because of scarcity,a. it is impossible to satisfy every desire andchoices must be made.b. the available supply of time, goods, andresources is greater than human wants.c. every desire is fulfilled.d. there are no limits on the economy’s ability tosatisfy unlimited wants.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Because of scarcity, a. it is impossible to satisfy every desire and choices must be made. b. the available supply of time, goods, and resources is greater than human wants. c. every desire is fulfilled. d. there are no limits on the economy’s ability to satisfy unlimited wants. |
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