Scarcity Is Common to All Economic Systems Because Resources Are

question 193

Multiple Choice

Scarcity is common to all economic systems because resources are

• A) unlimited due to constant technological advances.
• B) unlimited and so are human desires and wants.
• C) limited and so are human desires and wants.
• D) limited, but human desires and wants are unlimited.

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Definitions:

Constitution

The fundamental and supreme law of a nation or state, establishing the framework for its government and the basic principles and laws that govern the society.

Rational Basis Review

The lowest standard of judicial review that examines whether a law is "rationally related" to a legitimate government interest.

Social Matters

Issues or topics that affect individuals within a society or community, including cultural, social, and ethical topics.

Economic Matters

Issues or topics related to the economy, including financial policy, market operations, and the overall economic health of a society.