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This results from a combination of limited resources and unlimited wants.
Economics
Scarcity
Everything that exists is limited
Capital
Natural Resources
There is not enough of all goods and services to satisfy everyone’s needs and wants
Scarcity
Capital
Study of how people make choices about ways to use limited resources to fulfill their wants.
Economics
Scarcity
Everything that exists is limited
Capital
Natural Resources
There is not enough of all goods and services to satisfy everyone’s needs and wants
Scarcity
Capital
As an economic term, land refers to:
Economics
Scarcity
Everything that exists is limited
Capital
Natural Resources
There is not enough of all goods and services to satisfy everyone’s needs and wants
Scarcity
Capital
The need to make choices arises because:
Economics
Scarcity
Everything that exists is limited
Capital
Natural Resources
There is not enough of all goods and services to satisfy everyone’s needs and wants
Scarcity
Capital
Manufactured goods used to produce other goods and services
Economics
Scarcity
Everything that exists is limited
Capital
Natural Resources
There is not enough of all goods and services to satisfy everyone’s needs and wants
Scarcity
Capital
A company’s fleet of trucks represents which kind of factor of production?
Economics
Scarcity
Everything that exists is limited
Capital
Natural Resources
There is not enough of all goods and services to satisfy everyone’s needs and wants
Scarcity
Capital
Scarcity always exists because:
Economics
Scarcity
Everything that exists is limited
Capital
Natural Resources
There is not enough of all goods and services to satisfy everyone’s needs and wants
Scarcity
Capital
The basic problem of economics is:
Economics
Scarcity
Everything that exists is limited
Capital
Natural Resources
There is not enough of all goods and services to satisfy everyone’s needs and wants
Scarcity
Capital
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