When someone says resources are scarce, this suggests that: additional resources could be found if there were additional funds allocated to the effort. we have enough resources to meet all of our needs and wants. choices must be made to utilize resources in the best manner possible. lower-income individuals must be especially careful about the choices they make.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.