As a consequence of the problem of scarcity,
A) there is never enough of anything.
B) individuals have to make choices from among alternatives.
C) only some people can "have it all."
D) things which are plentiful have relatively high prices.

Question

Quizplus · Accepted Answer

Scarcity means that resources are limited in supply, but human wants and needs are infinite. This means that individuals have to make choices about how to allocate their scarce resources. They cannot have everything they want and must prioritize and make trade-offs between different alternatives.

As a Consequence of the Problem of Scarcity