Because human wants are insatiable and unlimited while available resources are limited, people are said to face the problem of
A) social interest versus self-interest.
B) macroeconomics.
C) microeconomics.
D) scarcity.
E) why to produce.

Question

Quizplus · Accepted Answer

The problem described in the question is that human wants are insatiable and unlimited, while resources are limited. This is the problem of scarcity, which is the central concept in economics.

Because Human Wants Are Insatiable and Unlimited While Available Resources