Because economics is based on the realization that people want more than the resources can provide, social studies teachers must help students recognize that scarcity exists.

Question

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Economics is fundamentally concerned with the allocation of scarce resources to meet the unlimited wants of people, making the concept of scarcity central to the discipline. Social studies teachers, therefore, have a responsibility to help students understand that resources are limited and choices must be made.

Because Economics Is Based on the Realization That People Want