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

Question

Quizplus · Accepted Answer

Due to the limited nature of resources, individuals must make choices about how to allocate them in order to satisfy their unlimited wants and needs. This may involve prioritizing certain goods or services over others, or choosing to forego certain options altogether. It is a fundamental principle of economics that scarcity exists and people must make choices accordingly.

Because Resources Are Limited