In every economic system, choices must be made because resources are_______ and our wants are
_______.

Name: In every economic system, choices must be made because resources are_______ and our wants are _______.
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Question

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Resources are limited because there is a finite amount of resources available to produce goods and services. Our wants are unlimited because there is no end to the number and types of goods and services people desire.

In Every Economic System, Choices Must Be Made Because Resources