Due to a scarcity of resources,
A) governments should decide what should be produced
B) the government must decide how to allocate available resources
C) some members of each society must live in poverty
D) every society must choose among competing uses of available resources
E) resource availability exceeds the possible uses for available resources

Question

Quizplus · Accepted Answer

Scarcity implies that there are limited resources to satisfy unlimited wants and needs of individuals in a society. Therefore, every society must choose among competing uses of available resources. This means that some resources will have to be allocated to certain uses and not others, and individuals or groups may have to make trade-offs and sacrifice certain needs or desires in favor of others.

Due to a Scarcity of Resources