As a society, and as individual humans, we have

Question

BlackTom AI · Accepted Answer

As a society and as individual humans, we confront a fundamental economic reality that scarcity forces choices and trade-offs.
Option a: 'a. unlimited goods and services.' This is incorrect because in the real world, resources that produce goods and services are finite, so we cannot have unlimited everything.
Option b: 'b. limited wants.' While some wants may be satisfied or moderated, human wants are generally considered insatiable, making this statement an incomplete description of scarcity and not the core fact.
Option c: 'c. limited resources.' This is the correct characterization: resources such as land, labor, and capital are finite, leading to the need to allocate them efficiently.
Option d: 'd. unlimited resources.' This is false for the same reason as option a: resources are not unlimited; they are scarce and constrained.

MUF0061 Economics Unit 1 - Semester 2, 2025 Revision Quiz: The Basic Economic Problem (Relative Scarcity) (5 - 7 minutes)

As a society, and as individual humans, we have

查看解析

登录即可查看完整答案

类似问题

When a society cannot produce all the resources that people wish to have, it is called:

The basic reason why choices matter is that

Dan is deciding whether to pay $200 for a sweater or wait 2 months for the sweater to go on a 50% off sale. An economist would reason that:Time is a scarce resource. The scarcity principle does not apply. The sweater is a scarce resource. Which statement is true:

12. Scarcity is a situation in which:

Question at position 24 True or False: The value of diamonds comes from their scarcityFalseTrue

The principle of scarcity arises due to:

Everyone except for the super wealthy has a finite, or limited, amount of income. BlackTom题目解析

The problem refers to the need to make choices because economic wants exceed economic means. (Enter one word in the blank.) BlackTom题目解析

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单