Question and answer
Which of the following best defines "scarcity"? A. insufficient amounts of resources to meet the demand B. low demand C. lack of consumer interest D. government regulation of currency
Insufficient amounts of resources to meet the demand-best defines "scarcity."
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Expert answered|blueangel0717|Points 30|
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Question|Rated good
Asked 2/14/2011 11:45:35 PM
Updated 1/26/2015 10:16:50 PM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by yumdrea [1/26/2015 10:16:48 PM], Confirmed by yumdrea [1/26/2015 10:16:50 PM]
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What is income paid to the owner of land, labor, or capital in return for productive service called? A. currency B. revenue C. factor payment D. opportunity cost
Weegy: The answer is B. Revenue. Got any more questions? Please rate. (More)
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Updated 1/26/2016 3:56:33 AM
1 Answer/Comment
FACTOR PAYMENT defines the income paid to the owner of land, labor, or capital in return for productive service.
Added 1/26/2016 3:56:31 AM
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The people who study the economy are called: Economists.

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