Scarcity
A)persists only because countries have failed to achieve continuous full employment.
B)persists because economic wants exceed available resources.
C)has been solved in all industrialized nations.
D)has been eliminated in affluent societies such as the United States and Canada.

Question

Quizplus · Accepted Answer

Scarcity persists because the economic wants and needs of individuals and societies exceed the available resources, leading to the necessity of making choices on how to allocate those limited resources.