A recurring theme in economics is that people
A)have unlimited resources but limited economic wants.
B)can increase resources by limiting their economic wants.
C)have limited economic wants and limited resources.
D)have unlimited economic wants but limited resources.

Question

Quizplus · Accepted Answer

The correct answer is D because a fundamental concept in economics is that individuals and societies have unlimited wants but face limited resources with which to fulfill those wants. This scarcity of resources necessitates choices and prioritization in how resources are allocated.

A Recurring Theme in Economics Is That People