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31.What do economists mean when they say that the economy faces scarcity? Select one: a.There are fewer resources available than there were in the 1960s.
31.What do economists mean when they say that the economy faces scarcity?
Select one:
a.There are fewer resources available than there were in the 1960s.
b.The resources available are not sufficient to produce all that everyone wants.
c.It is quite evident that the world is running out of resources.
d.The economy is producing far below its capacity to produce.
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