Scarcity is a concept that does not apply to
A)human wants.
B)natural resources.
C)land.
D)machinery.

Name: Scarcity is a concept that does not apply to A)human wants. B)natural resources. C)land. D)machinery.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Scarcity applies to resources that are limited in supply, such as natural resources, land, and machinery. Human wants, on the other hand, are unlimited and not a resource that can be depleted, so the concept of scarcity does not apply to them.

Scarcity Is a Concept That Does Not Apply to