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- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is NOT a scarce resource?
land
oil
time
sunlight
- Multiple ChoicePlease save your changes before editing any questions.
True of False: Scarcity refers to a situation where a resource is unlimited and the want / need for that resource is limited
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following need to be true for SCARCITY to exist?
limited resource
unlimited resource
limited time
wants / need that exceed what is available
- Open EndedPlease save your changes before editing any questions.
Finish the sentence: Economics is the study of...
- Open EndedPlease save your changes before editing any questions.
Maria has one day off of work. She needs to visit the doctor, buy groceries, call her grandma, and clean her room. What resource is scarce in this situation?