Economics is the study of how people choose to use their _________ resources to satisfy their _________ wants. a. unlimited; unlimited b. limited; unlimited c. unlimited; limited d. limited; limited Question 2 Not yet answered Points out of 1.00 Not flaggedFlag question Question text Adam Sandler is supposed to go to his grandparents' 50th anniversary party on the same night of his movie premier. This dilemma: a. shows that opportunity cost does not apply to Adam Sandler's time. b. shows that Adam Sandler's time is scarce. c. has nothing to do with economics. d. shows that Adam Sandler can have everything he wants. Question 3 Not yet answered Points out of 1.00 Not flaggedFlag question Question text Why are all goods and services scarce? a. Some goods cost more than others. b. Some things are needs and others are wants. c. All resources are scarce. d. Some people want to have more goods than others