Society faces trade-offs because of
A) government regulations.
B) profit motive.
C) faceless bureaucrats.
D) scarcity.

Question

Quizplus · Accepted Answer

Society faces trade-offs because of scarcity, which refers to the limited resources available in the world. In order to allocate these resources efficiently, society must make choices about how to use them. This can lead to trade-offs where choosing to produce one good or service means sacrificing the production of another. Government regulations, profit motive, and faceless bureaucrats can all have an impact on society's choices, but they are not the underlying cause of trade-offs.

Society Faces Trade-Offs Because of