The primary economic reason why people cannot have everything they want is because
A)people are selfish.
B)scarcity exists.
C)there is not enough economic growth in the world.
D)the population of the world is declining.

Question

Quizplus · Accepted Answer

Scarcity is the fundamental economic problem that arises from unlimited wants and limited resources. It means that there is simply not enough of everything to satisfy everyone's desires and needs. Therefore, people have to make choices and trade-offs to allocate their resources efficiently.

The Primary Economic Reason Why People Cannot Have Everything They