Scarcity affects
A) only rich people.
B) only poor people.
C) only middle income people.
D) all people.

Question

Quizplus · Accepted Answer

Scarcity affects all people regardless of their income level. It is a fundamental economic concept that arises due to the unlimited wants and needs of people in a world with limited resources. It impacts everyone's decision-making across all aspects of life, such as what to buy, where to invest, or how to allocate time and effort. Therefore, the correct answer is D- all people.

Scarcity Affects