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Card 1 of 22

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

A

Scarcity exists when human wants are limited but resources are limited.

B

Scarcity exists when human wants are unlimited but resources are unlimited.

C

Scarcity exists when human wants are unlimited but resources are limited.

D

Scarcity exists when human wants are limited but resources are unlimited.

Card 1 of 22

Specialisation and trade Flashcards

  1. A Level
  2. /Economics
  3. /Specialisation and trade

22 flashcards on OCR A Level Economics Specialisation and trade: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards