Are you taking AP classes? Try apfive.com
501(c)(3) Nonprofit
Principles of Microeconomics/Basic Economic Concepts
Start Practice TestPractice Test
About Exam
easy

Fundamental Cause of Resource Scarcity

< Prev
Next >
Why are all economic resources considered scarce?
A

They exist in finite quantities.

B

Although most resources are scarce, some, such as renewable energy and air, are not.

C

The quantity supplied exceeds the actual quantity demanded.

D

They lack intrinsic economic value.

Hint
Did You Know?
Explain Why
Explain All Answers
Check Answer
Show Correct Answer
Report Question

Question Leaderboard

Not enough data yet to show leaderboard.

AI Tutor

How can I help?