In Saskatchewan,there has been a drought,and rural communities are fighting with urban areas over water.Which economic concept does this statement BEST represent?
A) Scarcity
B) Specialization
C) Incentive
D) Equilibrium

Question

Quizplus · Accepted Answer

The statement talks about the fight over water between rural and urban areas, which suggests that there is a limited availability of water resources, and both communities are competing for it. This situation represents the concept of scarcity, which is characterized by the limited availability of resources relative to unlimited human wants and needs.

In Saskatchewan,there Has Been a Drought,and Rural Communities Are Fighting