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1. When is a good considered scarce in a society? a. When more output of the good is possible b. When everyone in that society

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1. When is a good considered scarce in a society? a. When more output of the good is possible b. When everyone in that society cannot have all they want of the good C. When the government restricts production of the good d. When only the richest people in the economy can buy all they want of the good e. None of the above

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