Because of scarcity,a.it is impossible to satisfy every desire and choices must be made.bthe available supply of time,goods and resources is greater than human wants.c. every desire is fulfilled.d.ther are no limits on the economy's ability to satisfy unlimited wants.
Because of scarcity,a.it is impossible to satisfy every desire and choices must be made.bthe available supply of time,goods and resources is greater than human wants.c. every desire is fulfilled.d.ther are no limits on the economy's ability to satisfy unlimited wants.
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 7P
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Because of scarcity,a.it is impossible to satisfy every desire and choices must be made.bthe available supply of time,goods and resources is greater than human wants.c. every desire is fulfilled.d.ther are no limits on the economy's ability to satisfy unlimited wants.
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