No society can provide its citizens with everything that they want because of
A) greedy politicians
B) lazy workers
C) an educational system that does not provide hands on experience
D) firms that strive to maximize profits
E) a scarcity of resources

Question

Quizplus · Accepted Answer

The fundamental reason why no society can provide everything that its citizens want is due to scarcity of resources. There are limited resources available to satisfy unlimited human wants, and therefore, every society needs to prioritize its needs and allocate resources accordingly. Choice A, B, and C do not sufficiently explain why no society can provide everything its citizens want. Additionally, firms striving to maximize profits is a natural phenomenon in a capitalist economy, and though it may contribute to resource allocation limitations, it is not the primary reason for limited resource availability.

No Society Can Provide Its Citizens with Everything That They