Question

a market is any arrangement that brings buyers and sellers together to do business
true
false
question 13
unlimited needs and wants combined with limited resources is known as
tradeoffs
scarcity
resources
costs

Explanation:

A market is indeed an arrangement that enables buyers and sellers to engage in business transactions. Scarcity is defined as the situation where unlimited needs and wants co - exist with limited resources. Trade - offs are the alternatives given up when making a choice. Resources are the inputs used in production and costs are the expenses associated with production or consumption.

Answer:

1. True
2. B. scarcity