As a consequence of the condition of scarcity:
A) there is never enough of anything.
B) production has to be centrally planned.
C) things that are plentiful have relatively high prices.
D) individuals and communities have to make choices from among alternatives.

Question

Quizplus · Accepted Answer

The condition of scarcity means that resources are limited and we cannot have everything we want. This leads to individuals and communities having to make choices from among alternatives. Therefore, option D is the best choice as it correctly reflects the consequence of scarcity. Option A is incorrect as there may be enough of certain things, but they are still scarce relative to demand. Option B is incorrect as centrally planned production is not necessarily a consequence of scarcity. Option C is also not necessarily true as the price of something is determined by both its supply and demand, not just its abundance.

As a Consequence of the Condition of Scarcity