When economists say goods are scarce, they mean:
A. consumers are too poor to afford the goods and services available.
B. consumers are unwilling to buy goods unless they have very low prices.
C. goods are generally freely available from nature in most countries.
D. the desire for goods and services exceeds our ability to produce them with the limited resources available.
Answer: D
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Answer the following statement true (T) or false (F)
Most of the state and local government employees are in what area?
A. Education B. Highways C. Health care D. Administration
The marginal product of labor curve is the demand curve for labor
Indicate whether the statement is true or false
Poor people who participate in job training programs are more successful in leaving poverty.
A. True B. False C. Uncertain