Resources are
A)scarce for households but abundant for the whole economy
B)abundant for households but scarce for the whole economy
C)scarce for households and scarce for the whole economy.
D)abundant for households and the whole economy.

Question

Resources are
A)​scarce for households but abundant for the whole economy
B)​abundant for households but scarce for the whole economy
C)​scarce for households and scarce for the whole economy.
D)​abundant for households and the whole economy.

Quizplus · Accepted Answer

Resources are considered to be scarce because they are limited, and people generally have unlimited wants and needs. This applies to both households and the economy as a whole. Therefore, the correct answer is C- resources are scarce for both households and the whole economy.

Resources Are