Which of the following is considered by economists to be the most fundamentally scarce?
A)money
B)ideas
C)needs
D)food
E)physical resources

Question

Which of the following is considered by economists to be the most fundamentally scarce?
A)money 
B)ideas 
C)needs 
D)food 
E)physical resources

Quizplus · Accepted Answer

Physical resources are considered the most fundamentally scarce by economists because they are finite and cannot be replenished at the same rate they are used. Money, ideas, and needs can be created or satisfied through human action, whereas physical resources are limited by nature. While food can also be considered a physical resource, it is only one aspect of the larger category of physical resources.

Which of the Following Is Considered by Economists to Be