Economics (AS & A Level) · May / June 2024 · Paper 13 · Question 4
9708Scarcity, choice and opportunity cost
What is essential to eliminate scarcity?
- Athe existence of sufficient resources to meet all needs and wants
- Bproducers consistently produce in excess of demand
- Cthe government has a surplus budget
- Dthere is equilibrium in all markets
As printed in the paper
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Correct answer: A. the existence of sufficient resources to meet all needs and wants
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