Scarce Goods and Free Goods – Combined

1. Scarce goods are goods that have no alternative use.

Think again. The statement is false.

Scarce goods have alternative uses.

The statement is indeed false.

Scarce goods have alternative uses.

2. Economics is mainly about the study of free goods.

Think again.

Economics mainly studies scarce goods.

The statement is indeed false.

Economics mainly studies scarce goods.