How does tradition work to solve the 'economic problem?' The economic problem asserts that there is scarcity.
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What is the basic economic problem of scarcity?
a. The theory of Demand and Supply
b. Profit
c. Greed
d. Economic Growth
e. Scarcity
f. Productivity
Venezuelas economic crisis resulted from a deadly cocktail of a mismanaged economy and lower oil prices. What can be done to solve the scarcity problem in Venezuela?