Because of scarcity, rationing is
A) unimportant because people get what they want.
B) necessary because people cannot get everything they want.
C) unimportant because prices clear markets.
D) not a problem because governments can determine what everybody wants.

Question

Quizplus · Accepted Answer

Scarcity refers to the limited availability of resources in relation to unlimited wants and needs. Rationing, meaning the allocation of limited resources, is necessary as people cannot get everything they want due to scarcity.

Because of Scarcity, Rationing Is