Economists point out that scarcity confronts
A) neither the poor nor the rich.
B) the poor but not the rich.
C) the rich but not the poor.
D) both the poor and the rich.

Question

Quizplus · Accepted Answer

Scarcity is a fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It affects everyone, regardless of wealth, because no one can have an infinite amount of resources or goods. Thus, both the poor and the rich confront scarcity.

Economists Point Out That Scarcity Confronts