Scarcity Exists Because

question 69

Multiple Choice

Scarcity exists because

• A) human wants exceed the resources available to satisfy them.
• B) some individuals have low income.
• C) the costs of production are high.
• D) some people make bad economic decisions.
• E) people take too much leisure time.

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Definitions:

Prospective Country

A term potentially referring to a country viewed with regard to its future potential for development, investment, or growth.

Beaten Paths

Established methods or routines that have been widely used or explored, often implying a lack of innovation.

Home Country

Refers to the country where a company is headquartered or originates from.

Migration Behavior

The patterns or tendencies of individuals or groups to move from one location to another, often in search of better living conditions.