Because of economic scarcity
A) there are not enough jobs for everyone
B) people are afraid to become entrepreneurs
C) the government interferes in the economy
D) businesses cannot obtain the resources they need
E) people and organizations have to allocate resources carefully

Question

Quizplus · Accepted Answer

Economic scarcity refers to the situation where resources are limited, meaning that people and organizations must choose how to allocate them carefully. This is because there are not enough resources to satisfy all the competing demands for them, leading to trade-offs and choices about what to produce, how to produce it, and for whom. The other choices (A, B, C, and D) do not fully capture the nature of economic scarcity or its implications for the economy, as they focus on specific aspects of the labor market, entrepreneurship, government intervention, and resource availability, respectively.

Because of Economic Scarcity