According to Economic Thinking,the Presence of Scarcity Requires

question 36

Multiple Choice

According to economic thinking,the presence of scarcity requires

• A) incentives.
• B) choices.
• C) intelligence.
• D) a dismal outlook.
• E) unintended consequences.

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Definitions:

Restrictive

Pertains to a limiting or controlling condition or rule.

Nonrestrictive

Descriptive text that provides additional information but is not essential to the meaning of the sentence.

Carbonic Acid

A weak, unstable acid (H2CO3) formed in solution when carbon dioxide dissolves in water and participates in the carbonate buffer system in blood.

Asserted Proposition

A statement or claim declared to be true within the context of a logical argument or discourse.