Which Of The Following Statements Is True About Scarcity?

(Correct Answer Below)

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Which Of The Following Statements Is True About Scarcity?

A. Scarcity refers to the situation in which unlimited wants exceed limited resources. B. Scarcity is not a problem for the wealthy. C. Scarcity is only a problem when a country has too large a population. D. Scarcity arises when there is a wide disparity in income distribution.
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A

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