Scarcity is likely to be
A)a problem that will be solved by the proper use of available resources.
B)unique to the twenty-first century.
C)a problem that will always exist.
D)a result of the work ethic.
E)eliminated with a better understanding of economics.

Question

Quizplus · Accepted Answer

Scarcity is a fundamental economic problem that arises because resources are limited but human wants are unlimited. As long as human wants exist, scarcity will always exist. It is not a problem that can be completely solved.

Scarcity Is Likely to Be