All economic questions arise because
A) of scarcity.
B) production possibilities are unlimited.
C) our wants are limited.
D) people are irrational.

Question

Quizplus · Accepted Answer

Economic questions arise because of scarcity. Scarcity is a fundamental economic problem; it exists when there are limited resources but unlimited wants and needs. Because of scarcity, people have to make choices about how to allocate resources in the most efficient way possible.

All Economic Questions Arise Because