Question: 0 8 / pts / 1 5 0 0 Resources Hint Submit Answer Question 7 of 1 5 Please select the economic term that is

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Question 7 of 15
Please select the economic term that is best described by each statement.
a. People have limited resources to satisfy unlimited wants.
margins
recession
scarcity
business cycle
entrepreneurship
tradeoffs
b. Everything you do requires giving up something (time, money, etc.).
scarcity
financjal capital
tradeoffs
margins
budgeting
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