The problem of scarce resources
A)means that in some cities there are not enough jobs
B)could be solved if the unemployment rate fell
C)is that there are not enough resources to satisfy people's unlimited wants
D)is that resources are used inefficiently
E)can be solved by lowering taxes

Question

Quizplus · Accepted Answer

The problem of scarce resources refers to the fact that there are limited resources to satisfy the unlimited wants and needs of individuals and society as a whole. This is a fundamental economic problem that cannot be solved simply by reducing unemployment or lowering taxes. It requires efficient allocation of resources and careful management of the available resources to ensure their optimal use.

The Problem of Scarce Resources