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Travka [436]
3 years ago
6

One of the basic principles of the study of economics is that society and its individuals have limited wants. A. True B. False

Social Studies
2 answers:
kolbaska11 [484]3 years ago
8 0

Answer: A. True

Explanation:

The basic principle associated with the economics is that the goods, products, and services are limited and demand increases considerably to produce them. The resources used for the production also increases considerably. The scarcity principle of economics deals with the limited supply of the goods that is coupled with the increase in demand this results in the mismatch between the demand equilibrium and desired supply.

scoray [572]3 years ago
7 0

Answer:

The correct answer to this question is B. False

Explanation:

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