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 refers to the idea that resources are limited, while human wants and needs are infinite. Because of this, individuals and societies have to make choices about how to allocate resources. This means that people are forced to make decisions about what to produce, how to produce it, and for whom to produce it. Therefore, individuals have to make choices from among alternatives. The other options are not accurate: There is sometimes enough of some things, some people can have it all (although it is rare), and prices do not necessarily depend on the abundance of a good.

As a Consequence of the Problem of Scarcity