The term scarcity in economics can refer to the fact that

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Social Studies

Savannah Perez

15 October, 03:42

The term scarcity in economics can refer to the fact that

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Makai · Answer 1

The term scarcity in economics refers to the fact that:

a. economic wants are limited and resources are abused

b. even in the riches country some people go hungry

c. no country can produce enough products to satisfy everybody's economic wants

d. it is impossible to produce too much of any particular good or service in a market economy