Which of the Following Statements About Economic Scarcity Is FALSE

question 320

Multiple Choice

Which of the following statements about economic scarcity is FALSE?

• A) Scarcity occurs among the poor and the rich.
• B) Scarcity only occurs if there are shortages and people wait in line to buy things.
• C) Scarcity results from not having enough resources to produce all the things we want.
• D) Scarcity results in the necessity to make choices.

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