In every economic system, choices must be made because resources are:
A)infinite, but economic wants are finite.
B)finite, but economic wants are insatiable.
C)unlimited, but economic wants are limited.
D)limited, and so are economic wants.

Question

Quizplus · Accepted Answer

Resources are finite, meaning they are limited in supply, while human wants are insatiable, meaning they are unlimited. This creates the need for choices and prioritization in every economic system.

In Every Economic System, Choices Must Be Made Because Resources