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Question
crash course economics #1 - scarcity
multiple - choice question
economics is driven by the fundamental concept of
people always make the smartest money choices
people never make the right choice with money
people do not have many needs, so they can get whatever they want
there are unlimited things people want, but there are limited amount of resources
Economics studies how society allocates scarce resources. Scarcity exists because human wants are unlimited while resources are limited. The other options are incorrect as people don't always make smart money - choices, nor do they never make the right money - choices, and people have many needs that cannot always be met due to scarcity.
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There are unlimited things people want, but there are limited amount of resources