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Intro. Econ (Ch.1) Flashcards | StudBud
Intro. Econ (Ch.1)
1 / 17
One key difference between a shortage and scarcity is:
A
scarcity always exists; shortages are temporary
B
scarcity can be fixed through free-trade; shortages cannot
C
scarcity can be addressed with money; shortages cannot
D
scarcity is temporary; shortages always exist
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