The Problem of Scarce Resources

question 153

Multiple Choice

The problem of scarce resources:

• A) can be solved in a market economy, but not in a command economy.
• B) can be solved if all resources are jointly owned by the public and private sectors.
• C) implies that the resources are not freely available.
• D) arises because all natural resources are owned by the government in every country.
• E) can be solved by lowering taxes in an economy.

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