The existence of a universal law of scarcity creates pressures on societies to
A)use their resources according to government plans.
B)economize in the use of their resources.
C)allocate their resources equitably.
D)exploit their resources.

Question

Quizplus · Accepted Answer

The law of scarcity means that resources are limited, and therefore societies must economize in their use of them to ensure they are used efficiently and sustainably. Option A only applies to societies with planned economies, and option D suggests an exploitative approach that may not be sustainable or equitable. Option C is also important, but it assumes that resources are already allocated and does not address the need for economizing.

The Existence of a Universal Law of Scarcity Creates Pressures