Resources are
A) unlimited, but wants are limited.
B) limited, but efficiency is unlimited.
C) limited, but wants are unlimited.
D) unlimited, but efficiency is limited.

Question

Quizplus · Accepted Answer

Resources such as land, labor, and capital are limited, but people's desires and wants are unlimited. This creates the problem of scarcity, where there are not enough resources to satisfy everyone's wants and needs. Therefore, choices must be made about how to allocate these limited resources.

Resources Are