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The problem of scarcity O A. exists because the unlimited human wants cannot be satisfied with limited resources. O B. exists because the limited human wants cannot be satisfied with available resources. O C. can be solved in a market economy. OD. would disappear if there were no market failures. O E. always results in shortages of some goods.

The problem of scarcity O A. exists because the unlimited human wants cannot be satisfied with limited resources. O B. exists because the limited human wants cannot be satisfied with available resources. O C. can be solved in a market economy. OD. would disappear if there were no market failures. O E. always results in shortages of some goods.

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter1: The Economic Approach
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Problem 3CQ
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The problem of scarcity O A. exists because the unlimited human wants cannot be satisfied with limited resources. O B. exists because the limited human wants cannot be satisfied with available resources. O C. can be solved in a market economy. O D. would disappear if there were no market failures. O E. always results in shortages of some goods.
Transcribed Image Text:The problem of scarcity O A. exists because the unlimited human wants cannot be satisfied with limited resources. O B. exists because the limited human wants cannot be satisfied with available resources. O C. can be solved in a market economy. O D. would disappear if there were no market failures. O E. always results in shortages of some goods.
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