/ Quiz /

Which of the following properties of economics results from the…

  • Question 8b of 25 - Scarcity

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following properties of economics results from the fact that people will always want more no matter how much is produced?
  • Answers:
  1. There is scarcity that cannot be eliminated.
  2. Buying low and selling high is always possible.
  3. Voluntary exchanges will always lead to a fair price.
  4. Supply and demand will eventually be in balance with each other.

The correct answer is: There is scarcity that cannot be eliminated. Scarcity cannot be

      12 total views, 2 views today

Related quizzes


Leave a replyYour email address will not be published. Required fields are marked *