Homework Help: 12th grade AP Economics

Posted by Anonymous on Thursday, August 6, 2009 at 2:15pm.

Why might an economist look at the hundreds of cars moving along an assembly line an say, “ There is an example of scarcity”?

AP Economics - Marth, Thursday, August 6, 2009 at 2:56pm
There are hundreds of cars - but billions of people. There are insufficient (scarce) resources to produce a car for every person in need.

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