Answers CARE_24_25_TX-Economics Unit Test — Unit testQuestion 22

22

QuizMultiple Choice

Unit Test — Unit test

Question 22 • CARE_24_25_TX-Economics

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