All economies do not have enough resources to satisfy all the wants and needs of its families because of the problem of:
A) capital exploitation.
B) idle resources.
C) scarcity.
D) recessions.

Question

Quizplus · Accepted Answer

The problem of scarcity arises because resources are limited while wants and needs are unlimited, leading to the necessity of making choices on how to allocate resources efficiently.

All Economies Do Not Have Enough Resources to Satisfy All