Scarcity forces us to
A) limit our wants
B) expand our resources
C) produce more than we consume
D) produce whatever we consume
E) choose

Name: Scarcity forces us to A) limit our wants B) expand our resources C) produce more than we consume D) produce whatever we consume E) choose
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Question

Quizplus · Accepted Answer

Scarcity, a fundamental economic problem, necessitates making choices because resources are limited while wants are unlimited. This forces individuals and societies to decide how to allocate their scarce resources optimally.

Scarcity Forces Us to