Answers FL-2102340-Economics with Financial Literacy Teacher Directed 1.2 Resources and ScarcityQuestion 1

1

QuizMultiple Choice

1.2 Resources and Scarcity

Question 1 • FL-2102340-Economics with Financial Literacy (Teacher Directed)

How does scarcity determine the economic value of an item?

Answer

A

by the amount of goods that are produced

B

by the capital required to build the factory

C

by the unlimited wants of the consumers

D

by the resources consumed in production

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