A key theme fundamental to all of economics is:

Question

Quizplus · Accepted Answer

This is the fundamental concept of scarcity in economics - individuals have unlimited wants but are constrained by limited resources and must make choices about how to allocate those resources. This concept is at the core of nearly all economic analysis and decision-making. Option A and D are incorrect as they suggest unlimited resources or limited wants, which is not true in most situations. Option B is incorrect as it oversimplifies the complex and multi-faceted nature of a country's economic status.

A Key Theme Fundamental to All of Economics Is