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Which of these terms means "limited resource"? Opportunity cost Scarcity Wants Utility
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4 votes
Which of these terms means "limited resource"?

Opportunity cost

Scarcity

Wants

Utility

User Irshu
by
8.2k points

1 Answer

4 votes
The correct answer among the choices listed is the second option. Scarcity is the term that would mean "limited resource". It is the state of having shortage or small amount of supply with a high value of demand. Hope this helps.
User Mwspencer
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