The law of scarcity
A. Does not apply to rich, developed countries.
B. Applies only to the less developed countries.
C. Implies that consumers’ wants will be satisfied in a socialistic system.
D. Implies that consumers’ wants will never be completely satisfied.
Answer:D
The law of scarcity
A. Does not apply to rich, developed countries. B. Applies only to the less developed countries. C. Implies that consumers’ wants will be satisfied in a socialistic system. D. Implies that consumers’ wants will never be completely satisfied.