Economic goods are termed scarce goods when they are?
ECONOMICS
JAMB 1991
Economic goods are termed scarce goods when they are?
- A. not available in sufficient quantities to satisfy all wants for them
- B. not produced in sufficient quantities to satisfy the effefctive demand for them
- C. of high quality
- D. of primary importance in satisfying the needs of a society
Correct Answer: A. not available in sufficient quantities to satisfy all wants for them
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