According to Emerson: "Want is a growing giant whom the coat of Have was never large enough to cover." According to economists, "Want" exceeds "Have" because
A)people are greedy.
B)productive resources are limited.
C)human beings are inherently insecure.
D)people are irrational.

Question

Quizplus · Accepted Answer

Economists argue that "Want" exceeds "Have" because productive resources are limited, which is a fundamental concept in economics known as scarcity. Scarcity means that there are not enough resources to satisfy all human wants and needs, leading to the necessity of making choices about how to allocate these limited resources.

According to Emerson: "Want Is a Growing Giant Whom the Coat