Scarcity is a situation in which

A) people cannot satisfy all their wants.
B) most people can get only bare necessities.
C) people can satisfy all their wants.
D) some people can get all they want and some cannot.


A

Economics

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A decrease in the price of peanut butter will most likely cause an increase in the demand for ______.

a. orange juice b. margarine c. jelly d. cheese spread

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In the above figure, the opportunity cost of moving from point D to point E is

A. 55 guitars. B. 100 guitars. C. 100 ukuleles. D. 75 guitars.

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An industry's equilibrium wage rate is established

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Economics