Scarcity applies to decision makers in macroeconomics but not in microeconomics.

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Scarcity applies to decision makers in both macroeconomics and microeconomics. In microeconomics, scarcity is a fundamental concept that is related to the allocation of resources and the choices that individuals, firms, and households must make in order to satisfy their needs and wants. In macroeconomics, scarcity is a more complex concept that is related to the allocation of resources on a larger scale, including national and global economies, and it is closely linked to the study of economic growth, trade, and international relations.

Scarcity Applies to Decision Makers in Macroeconomics but Not in Microeconomics