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Card 1 of 20

Scarcity exists when wants are [     ] but resources are [     ].

A

Scarcity exists when wants are unlimited but resources are finite.

B

Scarcity exists when wants are infinite but resources are unlimited.

C

Scarcity exists when wants are unlimited but resources are infinite.

D

Scarcity exists when wants are finite but resources are unlimited.

Card 1 of 20

Scarcity, choice and opportunity cost Flashcards

  1. A Level
  2. /Economics
  3. /Scarcity, choice and opportunity cost

20 flashcards on Eduqas A Level Economics Scarcity, choice and opportunity cost: the key terms, economic models and case studies you need to recall for Component 1, Component 2 and Component 3.

Flashcards