Scarcity exists because of:
A) the market mechanism.
B) specialization and division of labor.
C) the allocation of goods by prices
D) unlimited wants and limited resources.

Question

Quizplus · Accepted Answer

Scarcity exists due to unlimited wants and limited resources, meaning there are not enough resources to satisfy all human wants and needs. This fundamental economic problem drives the need for allocation and prioritization in the use of resources.

Scarcity Exists Because Of