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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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