The overriding reason as to why households and societies face many decisions is that
A) resources are scarce.
B) goods and services are not scarce.
C) incomes fluctuate with business cycles.
D) people,by nature,tend to disagree.

Question

Quizplus · Accepted Answer

The scarcity of resources is the fundamental reason why households and societies face many decisions. Resources are limited, while people's wants and needs are unlimited. Therefore, people must make choices and trade-offs to allocate resources efficiently and effectively.

The Overriding Reason as to Why Households and Societies Face