How does the concept of scarcity relate to the Federal budget process?
A all government decisions are made based on marginal costs and benefits
B limited tax revenue must meet unlimited wants and needs
C governments must use exchange rates when dealing with foreign policy
D the government avoids scarcity by printing money
The concept of scarcity relate to the Federal budget process by limited tax revenue must meet unlimited wants and needs.
Question
Asked 12/9/2015 9:03:27 AM
Updated 12/20/2018 2:12:44 PM
1 Answer/Comment
