The Concept of Scarcity
All of the following statements about scarcity are true EXCEPT:
A
Scarcity necessitates that societies make choices and face trade-offs in resource allocation.
B
Scarcity exists because resources are limited while human wants are unlimited.
C
Scarcity is the central economic problem that underlies all economic decision-making.
D
Scarcity implies that resources are unlimited relative to wants.
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