What problem is caused when not all human wants can be satisfied with current resources and technology?
A) scarcity
B) normative economics
C) the fallacy of composition
D) ceteris paribus

Question

Quizplus · Accepted Answer

Scarcity is the problem caused when unlimited wants exist but limited resources and technology are available to satisfy them. It is a fundamental economic problem that leads to the need for choices and trade-offs.

What Problem Is Caused When Not All Human Wants Can