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      Question

      In terms of economics, scarcity arises due to

      A limited ends and unlimited resources. Correct Answer Incorrect Answer
      B unlimited ends and limited resources. Correct Answer Incorrect Answer
      C limited ends and limited resources. Correct Answer Incorrect Answer
      D unlimited ends and unlimited resources. Correct Answer Incorrect Answer

      Solution

      Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants.

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