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Scarcity in Economics

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Scarcity in Economics

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Test your knowledge about scarcity in economics!

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About Yes or No
19 times made

Created by

sarah ayyad
sarah ayyad
United Arab Emirates

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Scarcity in EconomicsOnline version

Test your knowledge about scarcity in economics!

by sarah ayyad
1

Scarcity is a temporary problem that will be solved through technological advancements.

2

Scarcity forces individuals, businesses, and governments to make choices about how to allocate resources.

3

Scarcity is a key concept in economics that helps explain the concept of supply and demand.

4

Scarcity is a relative concept that depends on the availability of resources in a particular context.

5

Scarcity is a result of overpopulation and can be solved by reducing the global population.

6

Scarcity is a concept that is unique to economics and does not apply to other fields of study.

7

Scarcity is a concept that is no longer relevant in the modern world.

8

Scarcity can be mitigated through technological advancements and improvements in productivity.

9

Scarcity is a problem that can be completely eliminated through effective resource management.

10

Scarcity is a universal problem that affects all societies, regardless of their level of development.

11

Scarcity is a concept that is only relevant in market economies.

12

Scarcity is a problem that can be solved by increasing government regulation and control over resources.

13

Scarcity is a driving force behind the need for economic systems and institutions.

14

Scarcity only applies to natural resources, such as oil and water.

15

Scarcity is a problem that only affects developing countries.

16

Scarcity leads to competition among individuals and organizations for limited resources.

17

Scarcity is a myth created by economists to justify the existence of poverty.

18

Scarcity is a concept that applies to all resources, including time, money, and natural resources.

19

Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

20

Scarcity is the reason why prices exist in a market economy.

 
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