Because of scarcity
A) resources are limitless.
B) wants are limited.
C) choices are unlimited.
D) people face tradeoffs in nearly every choice they make.

Question

Quizplus · Accepted Answer

Scarcity means that resources are limited and wants are unlimited. As a result, people have to make choices and tradeoffs in order to allocate resources in the most efficient manner. Therefore, the best choice is D because it acknowledges the reality of scarcity and the need for tradeoffs in decision-making.

Because of Scarcity