THE ECONOMIZING PROBLEM ARISES FROM THE CONFLICT BETWEEN HAVING RE...

135.The economizing problem arises from the conflict between having relatively unlimited resources and relatively limited wants.

Test Bank for Essentials of Economics 3rd Edition by Brue

True→ False

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AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-04 List the categories of scarce resources and delineate the nature of the economizing problem.Topic: Society's economic problemTrue / False Question