Because resources are limited:
A) people must make choices.
B) only the very wealthy can get everything they want.
C) firms will be forced out of business.
D) the availability of goods will be limited but the availability of services will not.

Question

Quizplus · Accepted Answer

Resources are limited, so people must make choices about how to allocate them. They have to decide what goods and services to purchase, and which ones to forgo. This is the fundamental problem of scarcity.

Because Resources Are Limited